Dream Industrl REIT (DIR.UN), the Financial sector company was revisited on February 20, and remains undervalued for at least one analyst on the street. On February 20, analyst Brendon Abrams gave a Buy rating to DIR.UN and set a C$12.25 price target.
Abrams has an average return of 9.8% when recommending Dream Industrl REIT.
According to TipRanks.com, Abrams is ranked #2335 out of 5188 analysts.
Currently, the analyst consensus on Dream Industrl REIT is a Strong Buy with an average price target of C$11.63, representing a 5.8% upside. In a report issued on February 14, National Bank also maintained a Buy rating on the stock with a C$11.25 price target.
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Dream Industrl REIT’s market cap is currently C$1.21B and has a P/E ratio of 8.1. The company has a Price to Book ratio of 1.31.
Dream Industrial Real Estate Investment Trust operates as an open-ended real estate investment trust. It provides investors the opportunity to invest in a Canadian focused, industrial real estate investment trust. The company owns and manages a portfolio of light industrial properties located in primary and secondary markets across Canada.
The company’s shares closed on Thursday at C$10.99, close to its 52-week high of C$11.09.
