TD Forecasts Strong Price Appreciation for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock

Key Points

• TD raised its price target to C$15.50 (from C$15.00) and kept a "Buy" rating, implying about a 11.11% upside from the current share price.
• Other brokers including Raymond James, RBC and Desjardins also lifted targets; the stock has a consensus Buy rating with a consensus target of C$15.04.
• Shares trade around C$13.95 with a market cap of C$4.02B and a P/E of 24.05; recent quarterly EPS was C$0.21, while the trust shows high leverage (debt-to-equity ~63.72) and low liquidity ratios.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) had its price objective boosted by research analysts at TD from C$15.00 to C$15.50 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD's price objective would indicate a potential upside of 11.11% from the company's current price.

Other research analysts also recently issued research reports about the stock. Raymond James Financial upped their target price 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 note on Thursday, February 19th. Royal Bank Of Canada upped their price target on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an "outperform" rating in a report on Monday, February 23rd. Finally, Desjardins boosted their target price on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$15.04.

Dream Industrial Real Estate Invest Trst Stock Up 1.2%

Shares of DIR.UN stock traded up C$0.17 during mid-day trading on Thursday, reaching C$13.95. 310,795 shares of the company's stock traded hands, compared to its average volume of 646,062. Dream Industrial Real Estate Invest Trst has a 12 month low of C$9.96 and a 12 month high of C$14.06. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The company's 50-day moving average price is C$13.09 and its 200-day moving average price is C$12.80. The company has a market cap of C$4.02 billion, a P/E ratio of 24.05 and a beta of 1.10.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share (EPS) for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The firm had revenue of C$130.46 million during the quarter. On average, equities analysts expect 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

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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