Dream Industrial Real Estate Invest Trst (DIR.UN) Stock Price, News & Analysis

Company Overview

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at December 31, 2023, we own, manage and operate a global portfolio of well-located, diversified industrial properties comprising 327 assets totalling approximately 71.4 million square feet of GLA in key markets across Canada, Europe and the U.S. Our goal is to deliver strong total returns to our unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by our high-quality portfolio and an investment grade balance sheet. Our REIT Units are listed on the Toronto Stock Exchange (TSX) under the trading symbol DIR.UN.

Key Stats

• Today's Range: C$13.22 to C$13.44
• 50-Day Range: C$13.34 to C$14.59
• 52-Week Range: C$11.56 to C$14.65
• Volume: 784,758 shs
• Average Volume: 456,131 shs
• Market Capitalization: C$3.65 billion
• P/E Ratio: 21.67
• Dividend Yield: 5.30%
• Price Target: C$16.00
• Consensus Rating: Buy

Dream Industrial Real Estate Invest Trst Stock Analysis - MarketRank™

Dream Industrial Real Estate Invest Trst scored higher than 37% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Dream Industrial Real Estate Invest Trst has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Dream Industrial Real Estate Invest Trst has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Dream Industrial Real Estate Invest Trst is 21.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Dream Industrial Real Estate Invest Trst is 21.67, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 271.47.

Price to Book Value per Share Ratio

Dream Industrial Real Estate Invest Trst has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for DIR.UN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Dream Industrial Real Estate Invest Trst is a leading dividend payer. It pays a dividend yield of 5.20%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Dream Industrial Real Estate Invest Trst does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Dream Industrial Real Estate Invest Trst is 114.75%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for DIR.UN.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: N/A

News Sentiment

Dream Industrial Real Estate Invest Trst has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Real Estate companies.

Search Interest

Only 2 people have searched for DIR.UN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Dream Industrial Real Estate Invest Trst to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Dream Industrial Real Estate Invest Trst insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.16% of the stock of Dream Industrial Real Estate Invest Trst is held by insiders.

Percentage Held by Institutions

Only 33.24% of the stock of Dream Industrial Real Estate Invest Trst is held by institutions.

DIR.UN Stock Analysis - Frequently Asked Questions

How have DIR.UN shares performed this year?

Dream Industrial Real Estate Invest Trst's stock was trading at C$13.96 at the beginning of the year. Since then, DIR.UN stock has decreased by 5.3% and is now trading at C$13.22.
View the best growth stocks for 2024 here.

How do I buy shares of Dream Industrial Real Estate Invest Trst?

Shares of DIR.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Industrial
• Sub-Industry: N/A
• Current Symbol: TSE:DIR.UN
• CUSIP: N/A
• CIK: N/A
• Web: www.dream.ca
• Phone: +1-416-3653535
• Fax: N/A
• Employees: 90
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$16.00
• High Stock Price Target: C$17.00
• Low Stock Price Target: C$15.50
• Potential Upside/Downside: +19.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.61
• Trailing P/E Ratio: 21.89
• Forward P/E Ratio: 14.95
• P/E Growth: N/A
• Net Income: C$177.82 million
• Net Margins: 37.00%
• Pretax Margin: N/A
• Return on Equity: 3.88%
• Return on Assets: 2.70%

Debt

• Debt-to-Equity Ratio: 63.72
• Current Ratio: 0.40
• Quick Ratio: 0.25

Sales & Book Value

• Annual Sales: C$480.64 million
• Price / Sales: 7.67
• Cash Flow: C$0.26 per share
• Price / Cash Flow: 51.19
• Book Value: C$16.93 per share
• Price / Book: 0.79

Miscellaneous

• Outstanding Shares: 276,010,000
• Free Float: N/A
• Market Cap: C$3.68 billion
• Optionable: Not Optionable
• Beta: 1.25