A Wall Street analyst has provided a review for the Financial company yesterday, but retained the same rating on the stock. Analyst Chris Couprie from CIBC rated Dream Industrl REIT (DIR.UN) a Buy, setting a C$11.50 price target.
Couprie has an average return of 12.6% when recommending Dream Industrl REIT.
According to TipRanks.com, Couprie is ranked #1192 out of 5188 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dream Industrl REIT with a C$11.58 average price target, representing a 5.6% 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$1.2B and has a P/E ratio of 8.1. The company has a Price to Book ratio of 1.30.
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 Wednesday at C$10.97, close to its 52-week high of C$10.98.
