Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Rating Lowered to Outperform at Raymond James Financial

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) was downgraded by research analysts at Raymond James Financial from a "strong-buy" rating to an "outperform" rating in a report released on Thursday,BayStreet.CA reports. They presently have a C$13.75 price target on the stock, up from their prior price target of C$13.00. Raymond James Financial's target price would indicate a potential upside of 17.82% from the company's previous close.

Several other analysts have also recently issued reports on DIR.UN. TD Securities dropped their target price on Dream Industrial Real Estate Invest Trst from C$13.00 to C$12.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Royal Bank Of Canada dropped their target price on Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 in a report on Monday, May 12th. Finally, Scotiabank dropped their target price on Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 and set a "sector perform" rating for the company in a report on Tuesday, April 8th.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of DIR.UN traded down C$0.10 during trading hours on Thursday, hitting C$11.67. 981,339 shares of the stock were exchanged, compared to its average volume of 647,508. 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 has a 12-month low of C$9.48 and a 12-month high of C$14.65. The company has a market cap of C$3.22 billion, a price-to-earnings ratio of 19.13 and a beta of 1.25. The stock's 50-day moving average price is C$11.35 and its two-hundred day moving average price is C$11.33.

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.

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