Brokerages Set Dream Industrial Real Estate Invest Trst (DIR.UN) Target Price at $9.20

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) has received a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have covered the stock in the last year is C$9.20.

Several research firms have weighed in on DIR.UN. National Bank Financial boosted their price target on Dream Industrial Real Estate Invest Trst from C$8.75 to C$9.25 and gave the company a “sector perform” rating in a research note on Monday, July 31st. CIBC boosted their price target on Dream Industrial Real Estate Invest Trst from C$9.00 to C$9.50 in a research note on Thursday, August 10th. Scotiabank boosted their price target on Dream Industrial Real Estate Invest Trst from C$8.75 to C$9.25 and gave the company a “sector perform” rating in a research note on Tuesday, August 15th. TD Securities boosted their price target on Dream Industrial Real Estate Invest Trst from C$8.50 to C$9.00 and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, Eight Capital boosted their price target on Dream Industrial Real Estate Invest Trst from C$8.00 to C$9.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th.

Shares of Dream Industrial Real Estate Invest Trst (DIR.UN) traded up C$0.04 during mid-day trading on Monday, reaching C$8.76. The company had a trading volume of 295,550 shares, compared to its average volume of 127,942. Dream Industrial Real Estate Invest Trst has a 1 year low of C$7.37 and a 1 year high of C$9.25.

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 15th were issued a $0.0583 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.70 dividend on an annualized basis and a yield of 7.99%.

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About Dream Industrial Real Estate Invest Trst

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.

Analyst Recommendations for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

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