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Dream Industrial Real Estate Investment Trust (OTCMKTS:DREUF) Price Target Lowered to C$18.75 at Raymond James

PrR by PrR
2022-05-10
in Industrial
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Dream Industrial Real Estate Investment Trust (OTCMKTS:DREUF) Price Target Lowered to C$18.75 at Raymond James
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Dream Industrial Real Estate Investment Trust logoDream Industrial Real Estate Investment Trust (OTCMKTS:DREUF – Get Rating) had its price objective decreased by equities researchers at Raymond James from C$19.50 to C$18.75 in a research report issued on Tuesday, The Fly reports.

DREUF has been the topic of a number of other reports. National Bank Financial lifted their price target on shares of Dream Industrial Real Estate Investment Trust from C$19.00 to C$19.25 in a research report on Thursday, February 17th. Scotiabank lifted their price target on shares of Dream Industrial Real Estate Investment Trust from C$19.00 to C$19.50 in a research report on Friday, February 18th. Royal Bank of Canada reduced their price target on shares of Dream Industrial Real Estate Investment Trust from C$19.50 to C$18.50 in a research report on Friday. Canaccord Genuity Group reduced their price target on shares of Dream Industrial Real Estate Investment Trust from C$21.00 to C$19.00 in a research report on Wednesday, April 6th. Finally, Desjardins dropped their price objective on shares of Dream Industrial Real Estate Investment Trust from C$19.50 to C$18.00 in a research note on Friday. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Dream Industrial Real Estate Investment Trust currently has an average rating of “Buy” and an average price target of $18.75.

Shares of DREUF traded down $0.40 during mid-day trading on Tuesday, hitting $10.45. The company had a trading volume of 1,083 shares, compared to its average volume of 3,030. Dream Industrial Real Estate Investment Trust has a 1-year low of $10.45 and a 1-year high of $14.58. The business’s 50-day simple moving average is $12.44 and its 200-day simple moving average is $12.85.

About Dream Industrial Real Estate Investment Trust (Get Rating)

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2020, Dream Industrial REIT owns and operates a portfolio of 266 industrial properties comprising approximately 26.6 million square feet of gross leasable area in key markets across North America and a growing presence in strong European industrial markets.

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Only time will tell whether Powell is right. But the signs are not good. The commercial real estate market is in trouble, and banks are in the crosshairs. The donut effect: How COVID-19 shapes real estate The COVID-19 pandemic has substantially reshaped the real estate landscape across America's largest cities, contributing to a phenomenon known as the 'donut effect'. According to a study by Arjun Ramani and Nicholas Bloom, published by the National Bureau of Economic Research, rents in high-density areas and central business districts have seen a significant decline of over 10 percent since the pandemic's inception. This trend is attributed to a shift in housing demand within cities; from crowded, dense urban centers to more spacious suburbs. Yet, the move from pricier cities to more affordable ones hasn't seen a comparable momentum, suggesting a still-anchored preference for urban living despite space-seeking trends. 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