Scotiabank Cuts Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target to C$17.50

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Rating) had its price target cut by equities researchers at Scotiabank from C$19.50 to C$17.50 in a note issued to investors on Friday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 47.68% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada decreased their price target on shares of Dream Industrial Real Estate Invest Trst from C$19.50 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, May 6th. CIBC cut their target price on shares of Dream Industrial Real Estate Invest Trst from C$18.00 to C$17.00 in a research note on Monday, June 27th. Finally, Raymond James lowered their price objective on shares of Dream Industrial Real Estate Invest Trst from C$19.50 to C$18.75 and set an “outperform” rating for the company in a research report on Tuesday, May 10th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dream Industrial Real Estate Invest Trst presently has an average rating of “Buy” and a consensus target price of C$18.57.

Dream Industrial Real Estate Invest Trst Stock Down 0.3 %

DIR.UN traded down C$0.04 during midday trading on Friday, reaching C$11.85. The company’s stock had a trading volume of 201,227 shares, compared to its average volume of 878,220. The firm has a market capitalization of C$3.23 billion and a price-to-earnings ratio of 2.97. The company has a current ratio of 1.58, a quick ratio of 1.52 and a debt-to-equity ratio of 48.72. Dream Industrial Real Estate Invest Trst has a 1 year low of C$11.76 and a 1 year high of C$17.60. The stock’s 50-day moving average is C$13.02 and its 200-day moving average is C$15.01.

Dream Industrial Real Estate Invest Trst Company Profile

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Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the US

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