Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 52-Week High at $14.63

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price hit a new 52-week high on Thursday . The stock traded as high as C$14.63 and last traded at C$14.49, with a volume of 17916 shares changing hands. The stock had previously closed at C$14.51.

Analysts Set New Price Targets

Separately, TD Securities lifted their price objective on Dream Industrial Real Estate Invest Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dream Industrial Real Estate Invest Trst currently has an average rating of “Buy” and an average price target of C$15.88.

Dream Industrial Real Estate Invest Trst Stock Performance

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 company has a market cap of C$3.99 billion, a price-to-earnings ratio of 23.92 and a beta of 1.25. The business has a 50 day simple moving average of C$13.62 and a 200 day simple moving average of C$13.03.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at December 31, 2023, we own, manage and operate a global portfolio of well-located, diversified industrial properties comprising 327 assets totalling approximately 71.4 million square feet of GLA in key markets across Canada, Europe and the U.S.