Short-term stake in Dream Industrial Real Estate Investment Trust (OTCMKTS: DREUF) increases by 133.5%

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Dream Industrial Real Estate Investment Trust (OTCMKTS: DREUFGet a rating) was the target of a sharp increase in short-term interest during the month of March. As of March 31, there was short interest totaling 272,300 shares, an increase of 133.5% from the March 15 total of 116,600 shares. Based on an average daily volume of 2,300 shares, the short interest ratio is currently 118.4 days.

Several equity analysts have recently commented on the stock. National Bank Financial raised its price target on shares of Dream Industrial Real Estate Investment Trust from C$19.00 to C$19.25 in a Thursday, February 17 research note. Scotiabank raised its price target on shares of Dream Industrial Real Estate Investment Trust from C$19.00 to C$19.50 in a Friday, February 18 research note. Canaccord Genuity Group lowered its price target on shares of Dream Industrial Real Estate Investment Trust from C$21.00 to C$19.00 in a Wednesday, April 6 research note. Desjardins raised its price target on shares of Dream Industrial Real Estate Investment Trust from C$19.00 to C$19.50 in a Friday, February 18 research note. Finally, Royal Bank of Canada raised its price target on shares of Dream Industrial Real Estate Investment Trust from C$19.00 to C$19.50 in a Tuesday, February 22 research note. Eight equity research analysts rated the stock with a buy rating. According to data from MarketBeat.com, Dream Industrial Real Estate Investment Trust currently has an average rating of “Buy” and an average price target of $19.06.

DREUF action opened at $12.50 on Friday. The company has a fifty-day moving average price of $12.76 and a 200-day moving average price of $13.02. Dream Industrial Real Estate Investment Trust has a 52 week low of $10.80 and a 52 week high of $14.58.

Dream Industrial Real Estate Investment Trust Company Profile (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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