Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given Average Rating of “Buy” by Brokerages

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Rating) have received an average recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$16.88.

Several equities analysts recently weighed in on the company. CIBC cut their price target on Dream Industrial Real Estate Invest Trst from C$18.00 to C$17.00 in a research note on Monday, June 27th. Royal Bank of Canada cut their price target 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. Scotiabank cut their price target on Dream Industrial Real Estate Invest Trst from C$17.50 to C$16.00 in a research note on Monday, August 8th. Raymond James cut their price target on Dream Industrial Real Estate Invest Trst from C$18.75 to C$16.00 and set an “outperform” rating for the company in a research note on Thursday, August 4th. Finally, National Bankshares boosted their price objective on Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research note on Thursday, August 4th.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of Dream Industrial Real Estate Invest Trst stock opened at C$12.34 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 51.38. Dream Industrial Real Estate Invest Trst has a twelve month low of C$11.76 and a twelve month high of C$17.60. The business has a 50-day moving average price of C$12.34 and a 200 day moving average price of C$14.27. The firm has a market cap of C$3.15 billion and a PE ratio of 3.25.

About Dream Industrial Real Estate Invest Trst

(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 U.S.

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