Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Expected to Rise, Desjardins Analyst Says

Key Points

• Desjardins has raised the target price for Dream Industrial Real Estate Investment Trust (TSE:DIR.UN) from C$14.00 to C$14.50, indicating a potential upside of 15.26% from the previous close.
• Multiple analysts have rated the stock as a "buy," with the consensus rating being "Moderate Buy" and an average price target of C$14.46.
• The stock faced a slight decline of 0.9%, closing at C$12.58, while its 52-week trading range is between C$9.48 and C$14.13.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) had its target price lifted by research analysts at Desjardins from C$14.00 to C$14.50 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price objective indicates a potential upside of 15.26% from the company's previous close.

A number of other equities analysts also recently commented on DIR.UN. TD Securities increased their price objective on Dream Industrial Real Estate Invest Trst from C$12.50 to C$13.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Raymond James Financial downgraded shares of Dream Industrial Real Estate Invest Trst from a "strong-buy" rating to an "outperform" rating and raised their price target for the company from C$13.00 to C$13.75 in a report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$14.46.

Dream Industrial Real Estate Invest Trst Stock Down 0.9%

DIR.UN traded down C$0.11 during trading on Monday, reaching C$12.58. 440,505 shares of the stock traded hands, compared to its average volume of 598,475. The stock's 50-day simple moving average is C$12.23 and its two-hundred day simple moving average is C$11.50. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$9.48 and a fifty-two week high of C$14.13. The stock has a market cap of C$3.68 billion, a price-to-earnings ratio of 16.82 and a beta of 1.19.

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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