Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 52-Week High – Time to Buy?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$13.32 and last traded at C$13.23, with a volume of 89820 shares. The stock had previously closed at C$13.22.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DIR.UN. Desjardins increased 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 report on Monday, October 6th. National Bankshares upped their price objective on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the company an “outperform” rating in a research report on Friday, December 19th. BMO Capital Markets increased their target price on Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a research note on Monday, November 10th. Finally, TD Securities boosted their price target on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$14.36.

Dream Industrial Real Estate Invest Trst Stock Performance

The firm’s 50 day moving average is C$12.42 and its 200 day moving average is C$12.23. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40. The stock has a market cap of C$3.87 billion, a P/E ratio of 15.44 and a beta of 1.24.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last announced its earnings results on Tuesday, November 4th. The company reported C$0.16 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$126.62 million during the quarter. Analysts anticipate 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. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.