Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives Consensus Rating of “Buy” from Analysts
Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Rating) has been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$16.88.
Several analysts have commented on the stock. Scotiabank decreased their target price on shares of Dream Industrial Real Estate Invest Trst from C$17.50 to C$16.00 in a research report on Monday, August 8th. National Bankshares boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. CIBC decreased their target price on shares of Dream Industrial Real Estate Invest Trst from C$18.00 to C$17.00 in a research report on Monday, June 27th. Finally, Raymond James decreased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$18.75 to C$16.00 and set an “outperform” rating for the company in a report on Thursday, August 4th.
Dream Industrial Real Estate Invest Trst Stock Down 0.4 %
Dream Industrial Real Estate Invest Trst stock opened at C$11.69 on Friday. The firm has a market cap of C$2.98 billion and a PE ratio of 3.08. The company has a debt-to-equity ratio of 51.38, a quick ratio of 0.30 and a current ratio of 0.33. The firm’s 50 day moving average price is C$12.29 and its two-hundred day moving average price is C$13.73. Dream Industrial Real Estate Invest Trst has a twelve month low of C$11.60 and a twelve month high of C$17.60.
About Dream Industrial Real Estate Invest Trst
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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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