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

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Rating) have been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$19.00.

A number of brokerages have weighed in on DIR.UN. Raymond James decreased 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 report on Tuesday, May 10th. Royal Bank of Canada cut their target price on shares of Dream Industrial Real Estate Invest Trst from C$19.50 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, May 6th. TD Securities set a C$19.50 price target on shares of Dream Industrial Real Estate Invest Trst and gave the stock a “buy” rating in a research report on Thursday, March 10th. Finally, National Bankshares began coverage on shares of Dream Industrial Real Estate Invest Trst in a report on Friday, March 11th. They set a “buy” rating and a C$19.25 price objective on the stock.

Shares of TSE DIR.UN opened at C$13.47 on Thursday. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$13.43 and a fifty-two week high of C$17.60. The company has a debt-to-equity ratio of 48.72, a quick ratio of 1.52 and a current ratio of 1.58. The company has a market cap of C$3.68 billion and a price-to-earnings ratio of 3.58. The business’s 50 day moving average price is C$14.71 and its 200-day moving average price is C$15.82.

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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