Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives C$16.28 Consensus Price Target from Brokerages

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$16.28.

Several equities analysts have recently weighed in on DIR.UN shares. Laurentian set a C$15.50 price objective on shares of Dream Industrial Real Estate Invest Trst and gave the company a “buy” rating in a research report on Monday, January 22nd. National Bankshares increased their target price on shares of Dream Industrial Real Estate Invest Trst from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, January 29th. Finally, Raymond James lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday, January 8th.

Dream Industrial Real Estate Invest Trst Trading Down 0.5 %

Shares of DIR.UN stock opened at C$12.59 on Friday. The stock has a 50-day simple moving average of C$12.93 and a 200 day simple moving average of C$13.02. The stock has a market capitalization of C$3.44 billion, a P/E ratio of 34.97 and a beta of 1.23. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$11.53 and a fifty-two week high of C$15.10. The company has a quick ratio of 0.25, a current ratio of 0.21 and a debt-to-equity ratio of 63.11.

About Dream Industrial Real Estate Invest Trst

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.