Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 12-Month High on Analyst Upgrade

Key Points

• Shares hit a new 52-week high after TD raised its price target from C$15.00 to C$15.50 and maintained a buy rating; the stock traded as high as C$14.06 with about 1,254,903 shares changing hands.
• Multiple analysts (Desjardins, RBC, Raymond James) recently boosted targets and ratings, leaving the consensus as a Buy with an average target price of C$15.04.
• Key fundamentals: market cap C$4.05 billion and PE 24.24; latest quarter reported C$0.21 EPS on C$130.46 million revenue, with a 37% net margin and a debt-to-equity ratio of 63.72.

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) reached a new 52-week high during mid-day trading on Thursday after TD raised their price target on the stock from C$15.00 to C$15.50. TD currently has a buy rating on the stock. Dream Industrial Real Estate Invest Trst traded as high as C$14.06 and last traded at C$14.06, with a volume of 1254903 shares trading hands. The stock had previously closed at C$13.78.

Other research analysts have also recently issued reports about the stock. Desjardins boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a "buy" rating in a report on Thursday, February 19th. Royal Bank Of Canada boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a report on Monday, February 23rd. Finally, Raymond James Financial boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an "outperform" rating in a report on Thursday, February 19th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Dream Industrial Real Estate Invest Trst currently has an average rating of "Buy" and an average target price of C$15.04.

Dream Industrial Real Estate Invest Trst Stock Up 2.0%

The company has a market cap of C$4.05 billion, a PE ratio of 24.24 and a beta of 1.10. The stock's 50 day moving average price is C$13.09 and its 200-day moving average price is C$12.80. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$130.46 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%. On average, analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.