Dream Industrial REIT (TSE:DIR.UN) Price Target Change
In a research note revealed to investors by Eight Capital on Wednesday morning, Dream Industrial Reit (TSE:DIR.UN) had its target price per share upgraded to $9.00. The firm now has Neutral rating on the stock.
Dream Industrial REIT (TSE:DIR.UN) Profile
Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions. The Trust owns over 210 light industrial income-producing properties totaling approximately 16 million square feet of gross leasable area (GLA).
Dream Industrial REIT (TSE:DIR.UN) traded up 0.44% on 26 July, hitting $9.07. A total of 47,119 shares of the company’s stock traded hands. This is down from average of 76,229 shares. Dream Industrial REIT has a 52 week low of $7.34 and a 52 week high of $9.1. The company has a market cap of $553.65M and a P/E ratio of 47.17.
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