Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives Consensus Recommendation of “Buy” from Analysts
Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month objective price among brokers that have covered the stock in the last year is C$18.57.
Several research firms recently weighed in on DIR.UN. Royal Bank of Canada increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, November 8th. Scotiabank upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$18.00 to C$19.00 in a report on Friday, November 5th. TD Securities upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$19.00 to C$19.50 and gave the company a “buy” rating in a report on Thursday, November 4th. Raymond James set a C$19.00 price objective on shares of Dream Industrial Real Estate Invest Trst and gave the company an “outperform” rating in a report on Wednesday, November 17th. Finally, CIBC upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, November 4th.
Shares of TSE DIR.UN traded up C$0.04 during trading on Friday, hitting C$16.06. The stock had a trading volume of 35,750 shares, compared to its average volume of 617,189. Dream Industrial Real Estate Invest Trst has a 12 month low of C$12.73 and a 12 month high of C$17.60. The company has a debt-to-equity ratio of 60.12, a current ratio of 1.28 and a quick ratio of 0.73. The company has a market capitalization of C$3.70 billion and a PE ratio of 6.82. The firm has a fifty day moving average of C$16.45 and a two-hundred day moving average of C$16.53.
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Dream Industrial Real Estate Invest Trst Company Profile
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
Also see: Preferred Stock
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