Raymond James Lowers Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target to C$16.00


Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Rating) had its price objective dropped by Raymond James from C$18.75 to C$16.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 27.90% from the company’s current price.

A number of other research analysts have also weighed in on DIR.UN. Scotiabank dropped their price target on shares of Dream Industrial Real Estate Invest Trst from C$19.50 to C$17.50 in a research report on Friday, July 15th. CIBC dropped their price target on shares of Dream Industrial Real Estate Invest Trst from C$18.00 to C$17.00 in a research report on Monday, June 27th. Royal Bank of Canada lowered their price objective on shares of Dream Industrial Real Estate Invest Trst from C$19.50 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, May 6th. Finally, National Bankshares lifted their price objective on shares of Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a research report on Thursday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Dream Industrial Real Estate Invest Trst currently has an average rating of “Buy” and an average price target of C$17.46.

Dream Industrial Real Estate Invest Trst Stock Down 0.5 %

DIR.UN opened at C$12.51 on Thursday. The company has a debt-to-equity ratio of 48.72, a current ratio of 1.58 and a quick ratio of 1.52. The company’s 50-day moving average is C$12.53 and its 200 day moving average is C$14.53. Dream Industrial Real Estate Invest Trst has a fifty-two week low of C$11.76 and a fifty-two week high of C$17.60. The firm has a market capitalization of C$3.19 billion and a P/E ratio of 3.13.

Dream Industrial Real Estate Invest Trst Company Profile

(Get Rating)

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 US.

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