Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.84 and traded as low as C$11.63. Dream Industrial Real Estate Invest Trst shares last traded at C$11.75, with a volume of 553,537 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James dropped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.75 to C$14.50 in a report on Monday, January 13th.

Dream Industrial Real Estate Invest Trst Stock Performance

The stock has a market capitalization of C$3.24 billion, a PE ratio of 19.26 and a beta of 1.25. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The stock has a fifty day moving average of C$11.81 and a 200-day moving average of C$12.83.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada and the U.S. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders.