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

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been given an average rating of “Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is C$15.04.

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

Dream Industrial Real Estate Invest Trst Stock Down 0.5%

Shares of TSE:DIR.UN opened at C$14.10 on Friday. The stock has a market capitalization of C$4.06 billion, a price-to-earnings ratio of 22.38 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$14.44. The company’s fifty day moving average is C$13.91 and its two-hundred day moving average is C$13.23. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share 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 company had revenue of C$130.46 million for the quarter. Equities analysts anticipate 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.