Scotiabank Increases Dream Industrial REIT (DIR.UN) Price Target to C$11.50

Dream Industrial REIT (TSE:DIR.UN) had its price target boosted by Scotiabank from C$11.00 to C$11.50 in a research report report published on Monday. They currently have an outperform rating on the stock.

Several other equities analysts have also issued reports on DIR.UN. Canaccord Genuity lifted their price target on shares of Dream Industrial REIT from C$10.00 to C$10.85 in a report on Wednesday, May 9th. Desjardins lifted their price target on shares of Dream Industrial REIT from C$10.75 to C$11.75 in a report on Friday, May 11th. TD Securities lifted their price target on shares of Dream Industrial REIT from C$10.00 to C$10.50 and gave the stock a hold rating in a report on Thursday, May 10th. CIBC boosted their price objective on shares of Dream Industrial REIT from C$9.75 to C$11.00 in a report on Thursday, May 10th. Finally, National Bank Financial boosted their price objective on shares of Dream Industrial REIT from C$10.25 to C$10.75 and gave the company an outperform rating in a report on Tuesday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of C$10.61.

Shares of Dream Industrial REIT stock opened at C$10.75 on Monday. Dream Industrial REIT has a fifty-two week low of C$8.08 and a fifty-two week high of C$9.49.

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 15th were given a dividend of $0.0583 per share. The ex-dividend date was Friday, April 27th. This represents a $0.70 dividend on an annualized basis and a yield of 6.51%.

Dream Industrial REIT 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.

Analyst Recommendations for Dream Industrial REIT (TSE:DIR.UN)

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