Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given New C$14.00 Price Target at National Bankshares

Key Points

• National Bankshares has raised the price target for Dream Industrial Real Estate Invest Trst from C$13.25 to C$14.00, indicating a potential upside of 14.01% from the current price.
• Other analysts have also increased their target prices, with TD Securities setting it at C$13.50 and Desjardins at C$14.50, with overall ratings predominantly at "Buy" or "Outperform."
• The stock has experienced fluctuations, currently trading at C$12.28 with a significant trading volume of 272,065 shares on Wednesday.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) had its target price lifted by National Bankshares from C$13.25 to C$14.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 14.01% from the company's current price.

A number of other analysts have also weighed in on the stock. TD Securities upped their target price on shares of Dream Industrial Real Estate Invest Trst from C$12.50 to C$13.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Raymond James Financial lowered shares of Dream Industrial Real Estate Invest Trst from a "strong-buy" rating to an "outperform" rating and upped their target price for the stock from C$13.00 to C$13.75 in a report on Thursday, July 17th. Finally, Desjardins upped their target price on shares of 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 Monday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$13.96.

Dream Industrial Real Estate Invest Trst Stock Performance

Shares of TSE DIR.UN traded down C$0.09 during midday trading on Wednesday, hitting C$12.28. The company's stock had a trading volume of 272,065 shares, compared to its average volume of 597,906. The stock has a fifty day moving average price of C$12.25 and a 200 day moving average price of C$11.51. Dream Industrial Real Estate Invest Trst has a one year low of C$9.48 and a one year high of C$14.13. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. The firm has a market capitalization of C$3.59 billion, a price-to-earnings ratio of 16.42 and a beta of 1.19.

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.

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