Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Reaches New 1-Year High – Time to Buy?

by · The Markets Daily

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$14.85 and last traded at C$14.79, with a volume of 195565 shares. The stock had previously closed at C$14.58.

Wall Street Analyst Weigh In

Separately, TD boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$15.04.

Get Our Latest Stock Report on DIR.UN

Dream Industrial Real Estate Invest Trst Stock Up 1.1%

The company has a market cap of C$4.24 billion, a P/E ratio of 23.40 and a beta of 1.15. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.24. The business’s 50 day moving average price is C$14.17 and its 200-day moving average price is C$13.54.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%.The firm had revenue of C$130.46 million during the quarter. On average, analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current fiscal year.

Dream Industrial Real Estate Invest Trst Company Profile

(Get Free Report)

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.

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