Dream Hard Asset Alternatives Trust’s (DRA.UN) Buy Rating Reiterated at Echelon Wealth Partners

Dream Hard Asset Alternatives Trust (TSE:DRA.UN)‘s stock had its “buy” rating restated by equities research analysts at Echelon Wealth Partners in a research note issued on Sunday, AnalystRatings.com reports. They presently have a C$8.00 price target on the stock. Echelon Wealth Partners’ price objective would suggest a potential upside of 5.12% from the company’s previous close.

TSE:DRA.UN traded down C$0.07 during trading hours on Friday, reaching C$7.61. The company had a trading volume of 37,699 shares, compared to its average volume of 41,269. The company has a current ratio of 2.35, a quick ratio of 0.65 and a debt-to-equity ratio of 35.58. The company has a market capitalization of $550.58 million and a price-to-earnings ratio of 67.95. The stock has a 50-day moving average price of C$7.70. Dream Hard Asset Alternatives Trust has a twelve month low of C$5.90 and a twelve month high of C$7.82.

In other Dream Hard Asset Alternatives Trust news, Director James George Eaton sold 5,421 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of C$7.67, for a total value of C$41,579.07. Following the completion of the sale, the director now directly owns 7,918 shares in the company, valued at C$60,731.06. Also, Senior Officer Dream Asset Management Corporation purchased 394,800 shares of Dream Hard Asset Alternatives Trust stock in a transaction on Monday, June 17th. The stock was bought at an average price of C$7.74 per share, with a total value of C$3,054,843.96. Following the completion of the acquisition, the insider now directly owns 5,062,294 shares of the company’s stock, valued at approximately C$39,170,512.28. Insiders acquired 421,800 shares of company stock valued at $3,258,809 over the last 90 days.

About Dream Hard Asset Alternatives Trust

Dream Hard Asset Alternatives Trust specializes in hard asset alternative investments including real estate, real estate lending and infrastructure, including renewable power.

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