Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) PT Lowered to C$16.00

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its target price dropped by research analysts at Raymond James from C$16.50 to C$16.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 29.55% from the company’s current price.

A number of other research firms also recently commented on DIR.UN. National Bankshares reduced their target price on Dream Industrial Real Estate Invest Trst from C$16.50 to C$16.00 and set an “outperform” rating on the stock in a report on Wednesday. Laurentian set a C$15.50 target price on Dream Industrial Real Estate Invest Trst and gave the stock a “buy” rating in a report on Monday, January 22nd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dream Industrial Real Estate Invest Trst presently has an average rating of “Buy” and an average price target of C$16.17.

Dream Industrial Real Estate Invest Trst Trading Down 1.4 %

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

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.