Today, an analyst has provided a rating update for Dream Industrl REIT (DIR.UN). National Bank’s analyst Matt Kornack reiterates their Buy rating on the shares, with a C$11.25 price target.
According to TipRanks.com, Kornack is ranked #2121 out of 5163 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dream Industrl REIT with a C$11.33 average price target, representing a 4.8% upside. 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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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 Thursday at C$10.82, close to its 52-week high of C$10.98.
