Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives Consensus “Buy” Recommendation From Analysts

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been assigned a consensus “Buy” recommendation by the eight rating agencies that currently cover the company, MarketBeat Ratings reports. Seven research analysts rated the stock with a buy rating. The 12-month average price target among brokers who have hedged the stock over the past year is C$18.57.

Several research firms have recently weighed in on DIR.UN. Royal Bank of Canada raised its 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 Monday, November 8. Scotiabank raised its price target on shares of Dream Industrial Real Estate Invest Trst from C$18.00 to C$19.00 in a report on Friday, November 5. TD Securities raised its price target 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 4 November. Raymond James set a price target of C$19.00 on shares of Dream Industrial Real Estate Invest Trst and gave the company an “outperform” rating in a Wednesday, Nov. 17, report. Finally, CIBC raised its 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 Thursday report. November 4.

Shares of TSE DIR.UN traded at C$0.04 during Friday’s trading, reaching C$16.06. The stock recorded a trading volume of 35,750 shares, against an 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 17 .60 CAD. The company has a debt 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 company 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 diverse light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets in Canada and the United States.

See also: preferred shares

Analyst Recommendations for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

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