Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Given New C$14.00 Price Target at Royal Bank of Canada

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price target cut by investment analysts at Royal Bank of Canada from C$16.00 to C$14.00 in a note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada’s price target indicates a potential upside of 32.83% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. TD Securities cut their price target on Dream Industrial Real Estate Invest Trst from C$13.00 to C$12.50 and set a “buy” rating for the company in a report on Thursday, May 8th. Scotiabank cut 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 report on Tuesday, April 8th. Finally, Raymond James cut their price target on 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 Performance

TSE:DIR.UN opened at C$10.54 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. 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 stock has a 50-day moving average price of C$10.80 and a 200 day moving average price of C$11.69. The stock has a market capitalization of C$2.91 billion, a P/E ratio of 17.28 and a beta of 1.25.

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.