Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Lowered to Outperform Rating by Raymond James Financial

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) was downgraded by Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research note issued on Thursday,BayStreet.CA reports. They presently have a C$13.75 target price on the stock, up from their previous target price of C$13.00. Raymond James Financial’s price objective points to a potential upside of 18.94% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Scotiabank reduced their price target on Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 8th. Royal Bank Of Canada cut their price objective on Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 in a report on Monday, May 12th. Finally, TD Securities decreased their target price on shares of Dream Industrial Real Estate Invest Trst from C$13.00 to C$12.50 and set a “buy” rating for the company in a research note on Thursday, May 8th.

Dream Industrial Real Estate Invest Trst Trading Down 0.9%

Dream Industrial Real Estate Invest Trst stock opened at C$11.56 on Thursday. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. The firm has a 50-day moving average of C$11.41 and a 200-day moving average of C$11.33. The company has a market cap of C$3.19 billion, a price-to-earnings ratio of 18.95 and a beta of 1.25. Dream Industrial Real Estate Invest Trst has a one year low of C$9.48 and a one year high of C$14.65.

Dream Industrial Real Estate Invest Trst Company Profile

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.