Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$16.00

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price target boosted by TD from C$15.50 to C$16.00 in a research note released on Thursday,BayStreet.CA reports. TD currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group upped their price target on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the stock a “buy” rating in a report on Thursday. Desjardins raised their price objective on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Thursday. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Dream Industrial Real Estate Invest Trst has a consensus rating of “Buy” and a consensus price target of C$15.47.

Dream Industrial Real Estate Invest Trst Trading Up 0.8%

Shares of Dream Industrial Real Estate Invest Trst stock opened at C$14.09 on Thursday. The firm has a 50-day simple moving average of C$14.24 and a two-hundred day simple moving average of C$13.60. The company has a market cap of C$3.95 billion, a P/E ratio of 22.37 and a beta of 1.15. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$11.81 and a fifty-two week high of C$14.85. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its earnings results on Tuesday, August 4th. The company reported C$0.11 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$131.42 million for the quarter. As a group, equities analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current fiscal year.

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