Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Lifted to “Buy” at Canaccord Genuity
Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) was upgraded by investment analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, July 11th. The firm currently has a C$10.00 price target on the stock, up from their previous price target of C$8.75.
A number of other equities analysts have also issued reports on DIR.UN. Scotiabank reissued a “sector perform” rating and set a C$8.50 price target on shares of Dream Industrial Real Estate Invest Trst in a report on Wednesday, April 19th. TD Securities lifted their price objective on Dream Industrial Real Estate Invest Trst from C$8.00 to C$8.50 and gave the company a “hold” rating in a report on Wednesday, May 3rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Dream Industrial Real Estate Invest Trst has an average rating of “Hold” and a consensus price target of C$9.25.
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About Dream Industrial Real Estate Invest Trst
Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is 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 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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