Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) have been given an average rating of “Hold” by the eight analysts that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$9.25.
DIR.UN has been the subject of several recent research reports. Canaccord Genuity raised Dream Industrial Real Estate Invest Trst from a “hold” rating to a “buy” rating and upped their target price for the company from C$8.75 to C$10.00 in a report on Tuesday, July 11th. TD Securities upped their target price on Dream Industrial Real Estate Invest Trst from C$8.00 to C$8.50 and gave the company a “hold” rating in a report on Wednesday, May 3rd. Eight Capital upped their target price on Dream Industrial Real Estate Invest Trst from C$8.00 to C$9.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. National Bank Financial upped their target price 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 report on Monday, July 31st. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$8.50 target price on shares of Dream Industrial Real Estate Invest Trst in a report on Wednesday, May 3rd.
The business also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.0583 per share. This represents a $0.70 annualized dividend and a dividend yield of Infinity. The ex-dividend date is Thursday, July 27th.
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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