Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$13.68 and traded as low as C$12.54. Dream Industrial Real Estate Invest Trst shares last traded at C$12.68, with a volume of 658,034 shares traded.
Wall Street Analyst Weigh In
Several analysts have weighed in on DIR.UN shares. Canaccord Genuity Group boosted their price target on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the company a "buy" rating in a research note on Thursday, August 6th. Desjardins raised their price objective on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. National Bank Financial lifted their target price on Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Finally, TD upped their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$15.47.
View Our Latest Research Report on Dream Industrial Real Estate Invest Trst
Dream Industrial Real Estate Invest Trst Price Performance
The firm has a 50-day simple moving average of C$13.76 and a two-hundred day simple moving average of C$13.68. The company has a market capitalization of C$3.55 billion, a price-to-earnings ratio of 21.94 and a beta of 1.10. The company has a current ratio of 0.40, a quick ratio of 0.24 and a debt-to-equity ratio of 63.72.
Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported C$0.11 EPS for the quarter. The firm had revenue of C$131.42 million for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. As a group, analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current fiscal year.
About Dream Industrial Real Estate Invest Trst
(
Get Free Report)
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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