Desjardins Sticks to Their Buy Rating for Dream Industrl REIT (DIR.UN)

By Carrie Williams

Yesterday, an analyst has provided a rating update for the Financial sector company, Dream Industrl REIT (DIR.UNResearch Report). Desjardins’ analyst Michael Markidis reiterates their Buy rating on the shares, with a C$11.75 price target.

Markidis has an average return of 11.7% when recommending Dream Industrl REIT.

According to TipRanks.com, Markidis is ranked #368 out of 5163 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dream Industrl REIT with a C$11.75 average price target.

Dream Industrl REIT’s market cap is currently C$1.16B and has a P/E ratio of 8. The company has a Price to Book ratio of 1.26.

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 Wednesday at C$10.61.