CIBC Remains a Buy on Dream Industrl REIT (DIR.UN)


A Wall Street analyst has provided a review for the Financial company yesterday, but retained the same rating on the stock. Dream Industrl REIT (DIR.UN) received a Buy rating from CIBC’s analyst Chris Couprie, with a C$10.75 price target.

Couprie has an average return of 11.5% when recommending Dream Industrl REIT.

According to TipRanks.com, Couprie is ranked #1309 out of 5163 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dream Industrl REIT with a C$11.38 average price target, implying a 7.3% upside from current levels. In a report released yesterday, Desjardins also reiterated a Buy rating on the stock with a C$11.75 price target.

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Dream Industrl REIT’s market cap is currently C$1.16B and has a P/E ratio of 8. The company has a Price to Book ratio of 1.26.

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$10.61.

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