Dream Industrl REIT (DIR.UN) has received a rating update from a Wall Street analyst today. Desjardins’ analyst Michael Markidis reiterates their Buy rating on the shares, with a C$12 price target.
Markidis has an average return of 11.8% when recommending Dream Industrl REIT.
According to TipRanks.com, Markidis is ranked #371 out of 5188 analysts.
Dream Industrl REIT has an analyst consensus of Strong Buy, with a price target consensus of C$11.42, which is a 4.1% upside from current levels. In a report issued on February 14, National Bank also maintained a Buy rating on the stock with a C$11.25 price target.
.
Based on Dream Industrl REIT’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$29.96 million. In comparison, last year the company had a net profit of C$19.47 million.
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.
