Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 1-Year High – Time to Buy?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$12.80 and last traded at C$12.57, with a volume of 315586 shares. The stock had previously closed at C$12.18.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. TD Securities boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a research note on Monday, November 10th. National Bankshares lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$13.25 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Finally, Desjardins upped their price objective on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a report on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$14.11.

Dream Industrial Real Estate Invest Trst Stock Up 0.5%

The firm has a market cap of C$3.69 billion, a PE ratio of 14.73 and a beta of 1.17. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The business has a 50-day moving average price of C$12.24 and a two-hundred day moving average price of C$12.09.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its earnings results on Tuesday, November 4th. The company reported C$0.16 EPS for the quarter. The firm had revenue of C$126.62 million during the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. On average, equities research analysts expect that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current 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.