Dream Industrial Real Estate Investment Trust (OTCMKTS:DREUF) Sees Large Decline in Short Interest

Dream Industrial Real Estate Investment Trust (OTCMKTS:DREUFGet Rating) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 223,700 shares, a decline of 17.9% from the June 30th total of 272,600 shares. Based on an average daily volume of 12,000 shares, the days-to-cover ratio is currently 18.6 days.

Dream Industrial Real Estate Investment Trust Price Performance

Dream Industrial Real Estate Investment Trust stock opened at $9.84 on Thursday. Dream Industrial Real Estate Investment Trust has a 52 week low of $8.97 and a 52 week high of $14.58. The stock has a fifty day moving average of $9.81 and a 200-day moving average of $11.44.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Desjardins cut their price target on Dream Industrial Real Estate Investment Trust from C$19.50 to C$18.00 in a report on Friday, May 6th. Raymond James lowered their price target on Dream Industrial Real Estate Investment Trust from C$19.50 to C$18.75 in a research report on Tuesday, May 10th. National Bank Financial decreased their target price on Dream Industrial Real Estate Investment Trust from C$19.25 to C$13.50 in a report on Wednesday, July 20th. Royal Bank of Canada decreased their price target on Dream Industrial Real Estate Investment Trust from C$19.50 to C$18.50 in a report on Friday, May 6th. Finally, Scotiabank decreased their price target on Dream Industrial Real Estate Investment Trust from C$19.50 to C$17.50 in a report on Friday, July 15th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $17.89.

Dream Industrial Real Estate Investment Trust Company Profile

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Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2020, Dream Industrial REIT owns and operates a portfolio of 266 industrial properties comprising approximately 26.6 million square feet of gross leasable area in key markets across North America and a growing presence in strong European industrial markets.

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