Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Reaches New 1-Year High – What’s Next?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$14.55 and last traded at C$14.48, with a volume of 47744 shares. The stock had previously closed at C$14.35.

Analysts Set New Price Targets

Separately, TD boosted their price objective 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 report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$15.04.

Dream Industrial Real Estate Invest Trst Price Performance

The firm has a 50-day simple moving average of C$14.08 and a two-hundred day simple moving average of C$13.45. The company has a market capitalization of C$4.23 billion, a price-to-earnings ratio of 23.37 and a beta of 1.15. The company has a current ratio of 0.40, a quick ratio of 0.24 and a debt-to-equity ratio of 63.72.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 earnings per share (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 business had revenue of C$130.46 million during the quarter. As a group, analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current fiscal year.

About Dream Industrial Real Estate Invest Trst

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.