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

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$15.47.

Several equities analysts have recently weighed in on DIR.UN shares. Canaccord Genuity Group upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the company a “buy” rating in a report on Thursday, August 6th. TD increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. National Bank Financial raised their target price on Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, Desjardins boosted their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Thursday, August 6th.

Dream Industrial Real Estate Invest Trst Stock Performance

TSE:DIR.UN opened at C$13.21 on Wednesday. The company has a fifty day moving average of C$14.12 and a 200-day moving average of C$13.71. The firm has a market capitalization of C$3.70 billion, a P/E ratio of 22.85 and a beta of 1.10. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. Dream Industrial Real Estate Invest Trst has a twelve month low of C$11.81 and a twelve month high of C$14.85.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$131.42 million for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. As a group, sell-side analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current 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.