TD Securities Issues Positive Forecast for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its target price raised by TD Securities from C$13.50 to C$14.00 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

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

Dream Industrial Real Estate Invest Trst Stock Performance

TSE DIR.UN opened at C$12.39 on Thursday. 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 fifty-two week low of C$9.48 and a fifty-two week high of C$13.38. The business has a fifty day moving average of C$12.33 and a 200-day moving average of C$11.75. The stock has a market cap of C$3.62 billion, a price-to-earnings ratio of 16.57 and a beta of 1.22.

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.