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 reduced by analysts at National Bankshares 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. National Bankshares’ target price suggests a potential upside of 27.69% from the stock’s previous close.

Several other research analysts also recently weighed in on DIR.UN. Raymond James lifted their target price on 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 8th. 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. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$16.17.

Dream Industrial Real Estate Invest Trst Stock Performance

Shares of TSE DIR.UN traded down C$0.06 during midday trading on Wednesday, reaching C$12.53. 128,578 shares of the company were exchanged, compared to its average volume of 499,621. The stock has a market cap of C$3.42 billion, a P/E ratio of 34.81 and a beta of 1.23. Dream Industrial Real Estate Invest Trst has a 1 year low of C$11.53 and a 1 year high of C$15.06. The stock has a fifty day simple moving average of C$12.93 and a 200 day simple moving average of C$13.02. The company has a current ratio of 0.21, a quick ratio of 0.25 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.