Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target Cut to C$16.00

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price target dropped by analysts at National Bankshares from C$16.50 to C$16.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 29.55% from the company’s current price.

Several other brokerages have also issued reports on DIR.UN. 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 company an “outperform” rating in a report on Monday, January 8th. Laurentian set a C$15.50 price target on shares of Dream Industrial Real Estate Invest Trst and gave the company a “buy” rating in a report on Monday, January 22nd. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$16.17.

Dream Industrial Real Estate Invest Trst Price Performance

Shares of TSE:DIR.UN opened at C$12.35 on Wednesday. The firm has a 50 day moving average of C$12.91 and a 200-day moving average of C$13.02. The stock has a market capitalization of C$3.38 billion, a PE ratio of 34.31 and a beta of 1.23. The company has a current ratio of 0.21, a quick ratio of 0.25 and a debt-to-equity ratio of 63.11. Dream Industrial Real Estate Invest Trst has a 12 month low of C$11.53 and a 12 month high of C$14.96.

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 diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the U.S.