Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given New C$13.50 Price Target 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 price objective increased by research analysts at TD Securities from C$12.50 to C$13.50 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price suggests a potential upside of 11.94% from the company's current price.

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

Dream Industrial Real Estate Invest Trst Stock Performance

TSE:DIR.UN traded down C$0.28 on Thursday, hitting C$12.06. The company's stock had a trading volume of 514,916 shares, compared to its average volume of 635,321. 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 stock has a fifty day moving average of C$11.73 and a two-hundred day moving average of C$11.33. The firm has a market capitalization of C$3.33 billion, a P/E ratio of 19.77 and a beta of 1.25. Dream Industrial Real Estate Invest Trst has a one year low of C$9.48 and a one year high of C$14.65.

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.