Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$9.08.

A number of research analysts have commented on the stock. CIBC reduced their price target on shares of Dream Industrial Real Estate Invest Trst from C$9.25 to C$9.00 in a research report on Tuesday, November 8th. TD Securities reiterated a “hold” rating and set a C$8.00 price target on shares of Dream Industrial Real Estate Invest Trst in a research report on Tuesday, November 8th. Scotiabank reiterated a “sector perform” rating and set a C$8.75 price target on shares of Dream Industrial Real Estate Invest Trst in a research report on Monday, November 7th. National Bank Financial reduced their price target on shares of Dream Industrial Real Estate Invest Trst from C$9.25 to C$9.00 in a research report on Friday, August 19th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Dream Industrial Real Estate Invest Trst in a research report on Friday, August 12th.

The company also recently announced a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 15th will be issued a $0.0583 dividend. This represents a $0.70 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend is Monday, November 28th.

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Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial Real Estate Investment Trust, formerly Dundee Industrial REIT, is an open-ended investment trust. The Trust’s objectives are managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a real estate investment trust (REIT) that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.

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