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

Key Points

• TD raised its price target for Dream Industrial REIT from C$15.50 to C$16.00 and maintained a “Buy” rating, implying roughly 14.9% upside from C$13.92.
• Analyst sentiment remains positive: Desjardins also set a C$16.00 target, Canaccord Genuity raised its target to C$16.50, and all seven tracked analysts rate the stock “Buy.”
• Shares fell 3.4% to C$13.92 in Thursday trading, while the REIT recently reported quarterly EPS of C$0.11 and revenue of C$131.42 million.

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

Several other analysts also recently commented on DIR.UN. Desjardins increased 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 note on Thursday. Canaccord Genuity Group lifted their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the company a "buy" rating in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$15.47.

Dream Industrial Real Estate Invest Trst Trading Down 3.4%

Shares of TSE DIR.UN traded down C$0.49 during trading on Thursday, reaching C$13.92. The company had a trading volume of 317,894 shares, compared to its average volume of 589,303. The company's fifty day moving average price is C$14.24 and its 200-day moving average price is C$13.60. Dream Industrial Real Estate Invest Trst has a 12 month low of C$11.78 and a 12 month high of C$14.85. The stock has a market cap of C$4.00 billion, a P/E ratio of 22.10 and a beta of 1.15. 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 (TSE:DIR.UN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. The business had revenue of C$131.42 million during 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, research analysts expect that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current year.

Dream Industrial Real Estate Invest Trst Company Profile

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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