Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 52-Week High – Still a Buy?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$14.44 and last traded at C$14.38, with a volume of 266876 shares trading hands. The stock had previously closed at C$14.20.

Analyst Ratings Changes

A number of brokerages recently issued reports on DIR.UN. Desjardins lifted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a research note on Thursday, February 19th. TD raised their target price on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial raised their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, Royal Bank Of Canada boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Dream Industrial Real Estate Invest Trst has a consensus rating of “Buy” and an average target price of C$15.04.

Dream Industrial Real Estate Invest Trst Trading Up 0.4%

The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The company has a market cap of C$4.10 billion, a price-to-earnings ratio of 22.62 and a beta of 1.15. The firm has a 50 day moving average price of C$13.76 and a two-hundred day moving average price of C$13.12.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 EPS for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%.The company had revenue of C$130.46 million for the quarter. As a group, equities analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current year.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.