Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Lowered to C$16.00 at Raymond James

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective dropped by equities researchers at Raymond James from C$16.50 to C$16.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 27.69% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Laurentian set a C$15.50 target price on shares of Dream Industrial Real Estate Invest Trst and gave the company a “buy” rating in a report on Monday, January 22nd. National Bankshares reduced their price objective on shares of Dream Industrial Real Estate Invest Trst from C$16.50 to C$16.00 and set an “outperform” rating on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$16.17.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of TSE DIR.UN traded down C$0.06 during trading on Wednesday, reaching C$12.53. The company had a trading volume of 128,578 shares, compared to its average volume of 499,621. The company has a current ratio of 0.21, a quick ratio of 0.25 and a debt-to-equity ratio of 63.11. Dream Industrial Real Estate Invest Trst has a twelve month low of C$11.53 and a twelve month high of C$15.06. The stock has a 50-day moving average price of C$12.93 and a two-hundred day moving average price of C$13.02. The stock has a market capitalization of C$3.42 billion, a PE ratio of 34.78 and a beta of 1.23.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the U.S.