Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives Average Rating of "Buy" from Brokerages

Key Points

• Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has a consensus Buy rating from six brokerages with an average 12‑month price target of C$15.04, and several firms (Desjardins, TD, RBC, Raymond James) recently raised targets to C$15.00–C$15.50.
• Shares last traded at C$13.94 (52‑week range C$9.96–C$14.06) with a market cap of C$4.01B and a P/E of 24.03, sitting above its 50‑day (C$13.09) and 200‑day (C$12.80) moving averages.
• Most recent quarter showed EPS of C$0.21 on C$130.46M revenue (net margin 37%, ROE 3.88%) and analysts forecast ~0.893 EPS for the year, while leverage and liquidity are notable with debt‑to‑equity ~63.7, quick ratio 0.25 and current ratio 0.40.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) has been assigned a consensus rating of "Buy" from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$15.04.

A number of research analysts have weighed in on DIR.UN shares. Raymond James Financial upped their price objective 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 research report on Thursday, February 19th. Desjardins boosted their target price 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 research note on Thursday, February 19th. Royal Bank Of Canada boosted their target price 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 research note on Monday, February 23rd. Finally, TD boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the stock a "buy" rating in a research note on Thursday.

Dream Industrial Real Estate Invest Trst Stock Performance

TSE DIR.UN traded up C$0.16 on Thursday, reaching C$13.94. 300,141 shares of the company's stock traded hands, compared to its average volume of 646,235. The firm has a market cap of C$4.01 billion, a price-to-earnings ratio of 24.03 and a beta of 1.10. The stock has a 50 day moving average price of C$13.09 and a 200-day moving average price of C$12.80. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$9.96 and a fifty-two week high of C$14.06. 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 posted its earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company 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%. Equities research analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current fiscal 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.

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