Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Reaches New 12-Month High – What’s Next?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) hit a new 52-week high during trading on Tuesday . The company traded as high as C$14.45 and last traded at C$14.44, with a volume of 199217 shares changing hands. The stock had previously closed at C$14.29.

Analyst Ratings Changes

Separately, TD lifted their target price on Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$15.04.

Dream Industrial Real Estate Invest Trst Trading Up 0.9%

The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.24. The company has a market capitalization of C$4.15 billion, a price-to-earnings ratio of 22.89 and a beta of 1.15. The business’s 50-day moving average price is C$13.98 and its two-hundred day moving average price is C$13.34.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The business had revenue of C$130.46 million for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. Research analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current year.

About Dream Industrial Real Estate Invest Trst

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. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.