Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives Average Recommendation of “Buy” from Analysts

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have received a consensus rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$15.04.

Separately, TD boosted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Thursday, May 7th.

Dream Industrial Real Estate Invest Trst Trading Up 0.1%

Shares of DIR.UN stock opened at C$14.73 on Tuesday. The firm has a market cap of C$4.24 billion, a P/E ratio of 23.38 and a beta of 1.15. Dream Industrial Real Estate Invest Trst has a 1-year low of C$11.39 and a 1-year high of C$14.80. 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 firm’s 50-day simple moving average is C$14.09 and its 200-day simple moving average is C$13.47.

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