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

Key Points

• Analyst sentiment is bullish: All seven analysts covering Dream Industrial Real Estate Investment Trust rate the stock “Buy,” with an average 12-month price target of C$15.47.
• Several firms recently raised their targets, including National Bank Financial to C$16.75, Canaccord Genuity to C$16.50, and TD and Desjardins to C$16.00.
• The units opened at C$12.67, below the analyst consensus target. In its latest quarter, the REIT reported C$0.11 in earnings per share and C$131.42 million in revenue.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) has been given an average recommendation of "Buy" by the seven analysts that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$15.47.

DIR.UN has been the subject of a number of research reports. TD increased their price target 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 note on Thursday, August 6th. Desjardins boosted their price objective on 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. Canaccord Genuity Group upped their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, National Bank Financial increased 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 report on Thursday, August 6th.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of TSE:DIR.UN opened at C$12.67 on Friday. The company has a market cap of C$3.55 billion, a price-to-earnings ratio of 21.92 and a beta of 1.13. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.24. The firm has a 50 day simple moving average of C$13.53 and a 200 day simple moving average of C$13.68. Dream Industrial Real Estate Invest Trst has a one year low of C$11.81 and a one year high of C$14.85.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. The firm 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%. Research analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share 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.

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