Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has received an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$9.33.

A number of brokerages recently commented on DIR.UN. Canaccord Genuity upgraded Dream Industrial Real Estate Invest Trst from a “hold” rating to a “buy” rating and upped their target price for the company from C$8.75 to C$10.00 in a report on Tuesday, July 11th. Eight Capital increased their target price on Dream Industrial Real Estate Invest Trst from C$8.00 to C$9.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. National Bank Financial increased their target price on Dream Industrial Real Estate Invest Trst from C$8.75 to C$9.25 and gave the stock a “sector perform” rating in a research note on Monday, July 31st. CIBC increased their target price on Dream Industrial Real Estate Invest Trst from C$9.00 to C$9.50 in a research note on Thursday, August 10th. Finally, TD Securities increased their price objective on Dream Industrial Real Estate Invest Trst from C$8.50 to C$9.00 and gave the company a “hold” rating in a research report on Thursday, August 10th.

The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 15th will be given a dividend of $0.0583 per share. This represents a $0.70 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Tuesday, August 29th.

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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.

Analyst Recommendations for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

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