Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Cut to C$17.00

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Rating) had its target price reduced by stock analysts at CIBC from C$18.00 to C$17.00 in a note issued to investors on Monday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 39.69% from the company’s current price.

Several other analysts have also issued reports on the company. Royal Bank of Canada cut their target price on Dream Industrial Real Estate Invest Trst from C$19.50 to C$18.50 and set an “outperform” rating for the company in a research note on Friday, May 6th. National Bankshares initiated coverage on Dream Industrial Real Estate Invest Trst in a research note on Friday, March 11th. They issued a “buy” rating and a C$19.25 target price for the company. Raymond James dropped their price objective on 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 note on Tuesday, May 10th. Finally, TD Securities set a C$19.50 price objective on Dream Industrial Real Estate Invest Trst and gave the stock a “buy” rating in a report on Thursday, March 10th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Dream Industrial Real Estate Invest Trst presently has a consensus rating of “Buy” and an average target price of C$18.79.

DIR.UN traded down C$0.04 during midday trading on Monday, hitting C$12.17. The stock had a trading volume of 235,831 shares, compared to its average volume of 893,274. The company has a market cap of C$3.32 billion and a P/E ratio of 3.24. The business has a fifty day moving average of C$13.91 and a 200 day moving average of C$15.44. The company has a debt-to-equity ratio of 48.72, a quick ratio of 1.52 and a current ratio of 1.58. Dream Industrial Real Estate Invest Trst has a 1 year low of C$11.88 and a 1 year high of C$17.60.

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Dream Industrial Real Estate Invest Trst Company Profile (Get Rating)

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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