Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Raised to C$13.50 at TD Securities

Key Points

• TD Securities has raised its target price for Dream Industrial Real Estate Invest Trst from C$12.50 to C$13.50, indicating a potential upside of 11.11% from the current price.
• Other analysts, such as Raymond James Financial and Royal Bank of Canada, have also adjusted their ratings and target prices, with Raymond James moving from "strong-buy" to "outperform."
• The company's stock experienced a trading increase of C$0.24 on Thursday, reaching C$12.15, with a current market cap of C$3.35 billion.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) had its target price increased by TD Securities from C$12.50 to C$13.50 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 9.40% from the stock's current price.

DIR.UN has been the subject of several other reports. Royal Bank Of Canada dropped their price objective on Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 in a research report on Monday, May 12th. Raymond James Financial cut shares of Dream Industrial Real Estate Invest Trst from a "strong-buy" rating to an "outperform" rating and increased their target price for the stock from C$13.00 to C$13.75 in a report on Thursday, July 17th.

Dream Industrial Real Estate Invest Trst Price Performance

TSE DIR.UN traded up C$0.18 on Thursday, hitting C$12.34. 1,030,318 shares of the company's stock were exchanged, compared to its average volume of 636,114. The stock has a 50-day moving average of C$11.72 and a 200-day moving average of C$11.33. The stock has a market cap of C$3.41 billion, a price-to-earnings ratio of 20.23 and a beta of 1.25. Dream Industrial Real Estate Invest Trst has a 52 week low of C$9.48 and a 52 week high of C$14.65. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72.

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.