Scotiabank Issues Pessimistic Forecast for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective dropped by analysts at Scotiabank from C$16.00 to C$14.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 34.74% from the stock’s current price.

Separately, Raymond James lowered their price target on shares of Dream Industrial Real Estate Invest Trst from C$15.75 to C$14.50 in a report on Monday, January 13th.

Dream Industrial Real Estate Invest Trst Stock Up 7.2 %

Shares of DIR.UN opened at C$10.39 on Tuesday. Dream Industrial Real Estate Invest Trst has a 12-month low of C$9.48 and a 12-month high of C$14.65. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. The company has a market capitalization of C$2.87 billion, a PE ratio of 17.03 and a beta of 1.25. The business’s 50 day moving average is C$11.45 and its 200 day moving average is C$12.29.

About Dream Industrial Real Estate Invest Trst

Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders.