Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given New C$16.00 Price Target at Desjardins

Key Points

• Desjardins raised its price target for Dream Industrial REIT from C$15.50 to C$16.00 and maintained a “buy” rating, implying 14.94% upside from the current price.
• TD also increased its target to C$15.50 and rated the stock “buy”; all seven analysts tracked by MarketBeat rate it a Buy, with an average target of C$15.47.
• Shares fell 3.4% to C$13.92 on Thursday. The REIT reported quarterly revenue of C$131.42 million and EPS of C$0.11, while analysts expect full-year EPS of approximately C$0.89.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) had its target price upped by equities research analysts at Desjardins from C$15.50 to C$16.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price objective suggests a potential upside of 14.94% from the company's current price.

Separately, TD boosted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a "buy" rating in a research report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$15.47.

Dream Industrial Real Estate Invest Trst Trading Down 3.4%

TSE DIR.UN traded down C$0.49 on Thursday, hitting C$13.92. The company's stock had a trading volume of 317,894 shares, compared to its average volume of 589,303. The firm has a market cap of C$4.00 billion, a P/E ratio of 22.10 and a beta of 1.15. Dream Industrial Real Estate Invest Trst has a 52-week low of C$11.78 and a 52-week high of C$14.85. The company's 50-day simple moving average is C$14.24 and its 200 day simple moving average is C$13.60. The company has a current ratio of 0.40, a quick ratio of 0.24 and a debt-to-equity ratio of 63.72.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) last posted 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 predict 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.

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