Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 12-Month High – Should You Buy?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$13.69 and last traded at C$13.69, with a volume of 235974 shares. The stock had previously closed at C$13.34.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. National Bank Financial lifted their price objective on shares of 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. Royal Bank Of Canada lifted their price objective 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 report on Monday, February 23rd. Raymond James Financial lifted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Desjardins lifted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, TD Securities lifted their price objective 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, December 18th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$14.96.

Dream Industrial Real Estate Invest Trst Trading Up 0.4%

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 fifty day simple moving average of C$12.96 and a 200 day simple moving average of C$12.67. The company has a market cap of C$4.00 billion, a price-to-earnings ratio of 23.66 and a beta of 1.04.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its earnings results on Tuesday, February 17th. The company reported C$0.10 EPS for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%.The company had revenue of C$131.66 million during the quarter. On average, equities analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current fiscal 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.