Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 12-Month High at $13.78

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$13.78 and last traded at C$13.75, with a volume of 53151 shares changing hands. The stock had previously closed at C$13.62.

A number of equities research analysts have recently commented on DIR.UN shares. Scotiabank increased their price objective on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.75 in a research report on Friday, February 19th. National Bank Financial increased their target price on Dream Industrial Real Estate Invest Trst from C$13.75 to C$14.75 and gave the company an “outperform” rating in a report on Friday, February 19th. TD Securities increased their target price on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.00 and gave the company a “buy” rating in a report on Friday, February 19th. Canaccord Genuity increased their target price on Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, February 19th. Finally, CIBC increased their target price on Dream Industrial Real Estate Invest Trst from C$14.25 to C$14.50 and gave the company an “outperform” rating in a report on Friday, February 19th. Six equities research analysts have rated the stock with a buy rating, Dream Industrial Real Estate Invest Trst has a consensus rating of “Buy” and an average target price of C$14.57.

The company has a quick ratio of 1.46, a current ratio of 1.48 and a debt-to-equity ratio of 66.99. The stock has a market capitalization of C$2.38 billion and a price-to-earnings ratio of 10.44. The company’s 50-day simple moving average is C$13.29 and its 200 day simple moving average is C$12.65.

About Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

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 U.S.

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