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

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$14.82.

Several brokerages have commented on DIR.UN. Royal Bank Of Canada raised their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday. TD Securities increased their price objective on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a “buy” rating in a report on Thursday, December 18th. National Bank Financial raised their target price 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. Raymond James Financial boosted their price target on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Desjardins increased their price target on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research note on Thursday.

Dream Industrial Real Estate Invest Trst Stock Performance

TSE DIR.UN traded up C$0.14 during trading hours on Monday, hitting C$13.44. The company had a trading volume of 416,347 shares, compared to its average volume of 607,309. 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 firm has a market cap of C$3.94 billion, a P/E ratio of 15.67 and a beta of 1.02. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$9.48 and a fifty-two week high of C$13.62. The business has a fifty day simple moving average of C$12.96 and a 200-day simple moving average of C$12.52.

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.