Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) PT Raised to C$12.50

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price objective hoisted by equities researchers at CIBC from C$12.00 to C$12.50 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 2.08% from the company’s previous close.

Several other research firms have also recently weighed in on DIR.UN. National Bank Financial set a C$11.50 price target on Dream Industrial Real Estate Invest Trst and gave the company an “outperform” rating in a report on Tuesday, April 16th. TD Securities raised their target price on Dream Industrial Real Estate Invest Trst from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. Canaccord Genuity raised their target price on Dream Industrial Real Estate Invest Trst from C$11.25 to C$12.25 in a report on Thursday, February 21st. Scotiabank reaffirmed an “average” rating and issued a C$11.75 target price on shares of Dream Industrial Real Estate Invest Trst in a report on Thursday, February 21st. Finally, Desjardins reaffirmed an “average” rating and issued a C$12.00 target price (up from C$11.75) on shares of Dream Industrial Real Estate Invest Trst in a report on Wednesday, February 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$12.17.

Shares of TSE DIR.UN traded up C$0.10 during midday trading on Friday, hitting C$12.25. 242,935 shares of the stock traded hands, compared to its average volume of 211,198. Dream Industrial Real Estate Invest Trst has a one year low of C$8.08 and a one year high of C$9.49.

Dream Industrial Real Estate Invest Trst Company Profile

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.

See Also: Stochastic Momentum Index (SMI)

Analyst Recommendations for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

Receive News & Ratings for Dream Industrial Real Estate Invest Trst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dream Industrial Real Estate Invest Trst and related companies with MarketBeat.com's FREE daily email newsletter.