Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Has Average Target Price of C$15.47

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has received an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is C$15.47.

DIR.UN has been the topic of several research analyst reports. Desjardins raised 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 note on Thursday, August 6th. TD upped their target price on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. National Bank Financial increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Canaccord Genuity Group increased their price target 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.

Dream Industrial Real Estate Invest Trst Price Performance

TSE DIR.UN opened at C$12.65 on Friday. Dream Industrial Real Estate Invest Trst has a twelve month low of C$11.81 and a twelve month high of C$14.85. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40. The stock has a market capitalization of C$3.55 billion, a PE ratio of 21.89 and a beta of 1.13. The stock has a 50-day simple moving average of C$13.45 and a 200 day simple moving average of C$13.68.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (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 firm had revenue of C$131.42 million for the quarter. Research 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.