Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Receives New C$17.00 Price Target at CIBC

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Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet a rating) had its price target reduced by CIBC from CA$18.00 to CA$17.00 in a research note released on Monday, BayStreet.CA reports.

Several other analysts have also recently released reports on the stock. Royal Bank of Canada cut its target price on shares of Dream Industrial Real Estate Invest Trst from C$19.50 to C$18.50 and set an outperformance rating for the stock in a Friday research note May 6. Raymond James cut his price target on shares of Dream Industrial Real Estate Invest Trst from C$19.50 to C$18.75 and set an outperformance rating for the stock in a Tuesday, May 10 research note . TD Securities set a target price of C$19.50 on shares of Dream Industrial Real Estate Invest Trst and gave the company a buy rating in a research note on Thursday, March 10. Finally, National Bankshares assumed coverage for the shares of Dream Industrial Real Estate Invest Trst in a Friday, March 11 research note. They set a buy rating and a target price of C$19.25 for the stock. Six investment analysts have rated the stock with a buy rating. According to data from MarketBeat, the stock currently has an average buy rating and an average target price of C$18.79.

TSE DIR.UN opened at CA$12.18 on Monday. The stock has a market capitalization of C$3.32 billion and a P/E ratio of 3.24. Dream Industrial Real Estate Invest Trst has a 1-year low of C$11.88 and a 1-year high of C$17.60. The company’s fifty-day moving average is C$13.84 and its two-hundred-day moving average is C$15.41. The company has a debt ratio of 48.72, a quick ratio of 1.52 and a current ratio of 1.58.

Dream Industrial Real Estate Invest Trst Company Profile (Get a rating)

Dream Industrial REIT is an unincorporated open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diverse light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets in Canada and the United States.

Further reading

Analyst Recommendations for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)



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