Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Sets New 52-Week Low at $11.60

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Rating)’s share price reached a new 52-week low on Friday . The stock traded as low as C$11.60 and last traded at C$11.61, with a volume of 62678 shares trading hands. The stock had previously closed at C$11.74.

Analysts Set New Price Targets

Several research firms have recently weighed in on DIR.UN. Scotiabank dropped their price target on shares of Dream Industrial Real Estate Invest Trst from C$17.50 to C$16.00 in a research note on Monday, August 8th. Raymond James dropped their price target on shares of Dream Industrial Real Estate Invest Trst from C$18.75 to C$16.00 and set an “outperform” rating for the company in a research note on Thursday, August 4th. National Bankshares increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, CIBC dropped their price target on shares of Dream Industrial Real Estate Invest Trst from C$18.00 to C$17.00 in a research note on Monday, June 27th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$17.25.

Dream Industrial Real Estate Invest Trst Stock Performance

The firm’s fifty day moving average price is C$12.29 and its 200 day moving average price is C$13.71. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 51.38. The stock has a market capitalization of C$2.98 billion and a price-to-earnings ratio of 3.08.

Dream Industrial Real Estate Invest Trst Company Profile

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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 US

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