Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 1-Year Low on Analyst Downgrade

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Rating) hit a new 52-week low on Friday after Scotiabank lowered their price target on the stock from C$19.50 to C$17.50. The company traded as low as C$11.76 and last traded at C$11.79, with a volume of 290702 shares. The stock had previously closed at C$11.89.

DIR.UN has been the topic of several other reports. CIBC reduced their target price on Dream Industrial Real Estate Invest Trst from C$18.00 to C$17.00 in a research report on Monday, June 27th. Raymond James lowered their target price 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, Royal Bank of Canada lowered their price objective 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$18.57.

Dream Industrial Real Estate Invest Trst Stock Performance

The company has a market capitalization of C$3.22 billion and a P/E ratio of 2.95. The firm has a 50 day moving average price of C$12.98 and a two-hundred day moving average price of C$14.98. 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 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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