Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) declared a monthly dividend on Wednesday, September 28th. Investors of record on Saturday, October 15th will be given a dividend of 0.0583 per share on Saturday, October 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Wednesday, September 28th.
A number of analysts recently issued reports on DIR.UN shares. National Bank Financial lowered their price target on shares of Dream Industrial Real Estate Invest Trst from C$9.25 to C$9.00 in a report on Friday, August 19th. Canaccord Genuity increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$9.00 to C$9.50 in a report on Wednesday, July 27th. CIBC lowered their price target on shares of Dream Industrial Real Estate Invest Trst from C$9.50 to C$9.25 in a report on Thursday, August 11th. TD Securities reissued a “hold” rating and set a C$8.00 price target on shares of Dream Industrial Real Estate Invest Trst in a report on Thursday, August 11th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Dream Industrial Real Estate Invest Trst in a report on Friday, August 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$9.17.
Dream Industrial Real Estate Invest Trst Company Profile
Dream Industrial Real Estate Investment Trust, formerly Dundee Industrial REIT, is an open-ended investment trust. The Trust’s objectives are 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 real estate investment trust (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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