Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 12-Month High – Here’s Why

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$13.32 and last traded at C$13.23, with a volume of 89820 shares trading hands. The stock had previously closed at C$13.22.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIR.UN. National Bankshares increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the company an “outperform” rating in a report on Friday, December 19th. BMO Capital Markets upped their target price on shares of Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a research report on Monday, November 10th. TD Securities lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a report on Thursday, December 18th. Finally, Desjardins boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research note on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$14.36.

Dream Industrial Real Estate Invest Trst Stock Performance

The business’s fifty day moving average is C$12.46 and its two-hundred day moving average is C$12.25. The stock has a market capitalization of C$3.91 billion, a PE ratio of 15.59 and a beta of 1.24. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$0.16 earnings per share (EPS) for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The company had revenue of C$126.62 million for the quarter. As a group, research analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current fiscal year.

About Dream Industrial Real Estate Invest Trst

Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.