Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) hit a new 52-week high during trading on Monday . The stock traded as high as C$9.74 and last traded at C$9.44, with a volume of 28518 shares traded. The stock had previously closed at C$9.41.
DIR.UN has been the subject of several recent research reports. Scotiabank upgraded Dream Industrial Real Estate Invest Trst from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$9.25 to C$10.00 in a report on Monday, February 26th. TD Securities increased their price objective on Dream Industrial Real Estate Invest Trst from C$9.50 to C$10.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. Finally, CIBC increased their price objective on Dream Industrial Real Estate Invest Trst from C$9.50 to C$9.75 in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$9.64.
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Dream Industrial Real Estate Invest Trst Company Profile
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.
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