Dream Industrial Real Estate Investment Trust (OTCMKTS:DREUF) Stock Jumps 1.4% – Time to Buy?

Dream Industrial Real Estate Investment Trust (OTCMKTS:DREUF)’s stock price shot up 1.4% during trading on Friday. The company traded as high as $9.34 and last traded at $9.34. Approximately 519,357 shares traded hands during trading, an increase of 714% from the average daily volume of 63,804 shares. The stock had previously closed at $9.2080.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DREUF shares. Scotiabank reissued an “outperform” rating on shares of Dream Industrial Real Estate Investment Trust in a report on Tuesday, July 7th. TD Securities reaffirmed a “buy” rating on shares of Dream Industrial Real Estate Investment Trust in a research note on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating on shares of Dream Industrial Real Estate Investment Trust in a research report on Friday, October 2nd. BMO Capital Markets reissued an “outperform” rating on shares of Dream Industrial Real Estate Investment Trust in a research note on Monday, August 10th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Dream Industrial Real Estate Investment Trust in a report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Dream Industrial Real Estate Investment Trust Stock Up 1.4%

The firm has a 50 day moving average price of $9.35 and a two-hundred day moving average price of $9.82.

About Dream Industrial Real Estate Investment Trust

Dream Industrial Real Estate Investment Trust is a Canadian, publicly traded real estate investment trust focused on owning, operating and expanding a portfolio of industrial properties. The trust’s portfolio is designed to serve businesses involved in logistics, distribution, manufacturing, warehousing and other industrial activities.

Its properties generally include urban logistics facilities, distribution centers, light-industrial buildings and other functional industrial assets. Dream Industrial provides space to a diverse group of commercial tenants and seeks to generate rental income through leasing, property management and the ongoing optimization of its real estate portfolio.

Established in 2012, the trust has expanded beyond its original Canadian portfolio and serves industrial real estate markets in Canada, the United States and Europe.