National Bankshares Cuts Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Price Target to C$16.00

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its target price lowered by equities research analysts at National Bankshares from C$16.50 to C$16.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 27.69% from the stock’s previous close.

Other analysts have also issued reports about the stock. Raymond James increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, January 8th. Laurentian set a C$15.50 target price on shares of Dream Industrial Real Estate Invest Trst and gave the company a “buy” rating in a research report on Monday, January 22nd. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Dream Industrial Real Estate Invest Trst presently has a consensus rating of “Buy” and an average price target of C$16.17.

Dream Industrial Real Estate Invest Trst Stock Down 0.5 %

Shares of DIR.UN traded down C$0.06 during trading hours on Wednesday, hitting C$12.53. The company had a trading volume of 128,578 shares, compared to its average volume of 499,621. Dream Industrial Real Estate Invest Trst has a one year low of C$11.53 and a one year high of C$15.06. The company’s fifty day moving average price is C$12.93 and its two-hundred day moving average price is C$13.02. The company has a market capitalization of C$3.42 billion, a PE ratio of 34.81 and a beta of 1.23. The company has a current ratio of 0.21, a quick ratio of 0.25 and a debt-to-equity ratio of 63.11.

About Dream Industrial Real Estate Invest Trst

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.