BMO Capital Markets Forecasts Strong Price Appreciation for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price target increased by equities researchers at BMO Capital Markets from C$13.00 to C$14.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 12.00% from the stock’s current price.

Several other research analysts have also recently commented on DIR.UN. Desjardins boosted their target price on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research note on Monday, October 6th. Raymond James Financial downgraded Dream Industrial Real Estate Invest Trst from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from C$13.00 to C$13.75 in a research report on Thursday, July 17th. TD Securities raised their target price on shares of Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.00 and gave the company a “buy” rating in a report on Thursday. Finally, National Bankshares lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$13.25 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.04.

Dream Industrial Real Estate Invest Trst Stock Up 0.8%

DIR.UN stock traded up C$0.10 during midday trading on Monday, hitting C$12.50. The company’s stock had a trading volume of 264,822 shares, compared to its average volume of 589,447. The firm has a 50-day simple moving average of C$12.33 and a 200-day simple moving average of C$11.78. The firm has a market capitalization of C$3.66 billion, a P/E ratio of 14.58 and a beta of 1.22. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. Dream Industrial Real Estate Invest Trst has a 52-week low of C$9.48 and a 52-week high of C$13.07.

Dream Industrial Real Estate Invest Trst Company Profile

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.