Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) had its price target lifted by Scotiabank from C$8.75 to C$9.25 in a research note published on Tuesday morning. The brokerage currently has a sector perform rating on the stock.
Other equities analysts also recently issued reports about the stock. Eight Capital boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$8.00 to C$9.00 and gave the stock a neutral rating in a report on Wednesday, July 26th. CIBC boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$9.00 to C$9.50 in a report on Thursday, August 10th. TD Securities boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$8.50 to C$9.00 and gave the stock a hold rating in a report on Thursday, August 10th. Canaccord Genuity raised shares of Dream Industrial Real Estate Invest Trst from a hold rating to a buy rating and boosted their price target for the stock from C$8.75 to C$10.00 in a report on Tuesday, July 11th. Finally, National Bank Financial boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$8.75 to C$9.25 and gave the stock a sector perform rating in a report on Monday, July 31st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of C$9.33.
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The business also recently declared a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 15th were issued a $0.0583 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend was 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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