Dream Industrial Real Estate Investment Trust (OTCMKTS:DREUF) Brief Interest Update

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Dream Industrial Real Estate Investment Trust (OTCMKTS: DREUFGet a rating) was the target of a sharp decline in short-term interest in April. As of April 15, there was short interest totaling 221,100 shares, down 18.8% from the March 31 total of 272,300 shares. Based on an average trading volume of 1,700 shares, the short-term interest rate ratio is currently 130.1 days.

Dream Industrial Real Estate Investment Trust opened at $10.90 on Tuesday. Dream Industrial Real Estate Investment Trust has a 1 year minimum of $10.84 and a 1 year maximum of $14.58. The stock’s 50-day moving average price is $12.66 and its 200-day moving average price is $12.95.

DREUF has been the subject of several reports by research analysts. Desjardins raised its price target on Dream Industrial Real Estate Investment Trust from C$19.00 to C$19.50 in a Friday, February 18 research report. National Bank Financial raised its price target on Dream Industrial Real Estate Investment Trust from C$19.00 to C$19.25 in a Thursday, February 17 research report. Canaccord Genuity Group lowered its target price on Dream Industrial Real Estate Investment Trust from C$21.00 to C$19.00 in a Wednesday, April 6 research note. Royal Bank of Canada raised its price target on Dream Industrial Real Estate Investment Trust from C$19.00 to C$19.50 in a Tuesday, February 22 research note. Finally, Scotiabank raised its price target on Dream Industrial Real Estate Investment Trust from C$19.00 to C$19.50 in a Friday, February 18 research note. Eight investment analysts rated the stock with a buy rating. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $19.06.

About Dream Industrial Real Estate Investment Trust (Get a rating)

Dream Industrial REIT is an unincorporated open-ended real estate investment trust. As of September 30, 2020, Dream Industrial REIT owned and operated a portfolio of 266 industrial properties comprising approximately 26.6 million square feet of gross leasable area in key North American markets and a growing presence in strong European industrial markets.

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