Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Breaks Below 200-Day Moving Average – Time to Sell?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$13.68 and traded as low as C$12.60. Dream Industrial Real Estate Invest Trst shares last traded at C$12.67, with a volume of 546,177 shares traded.

Wall Street Analyst Weigh In

Several analysts have weighed in on DIR.UN shares. National Bank Financial boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Canaccord Genuity Group increased their price target on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, August 6th. TD boosted their price objective on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Desjardins upped their price objective on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Dream Industrial Real Estate Invest Trst presently has a consensus rating of “Buy” and a consensus target price of C$15.47.

Dream Industrial Real Estate Invest Trst Stock Performance

The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The company has a 50-day moving average price of C$13.53 and a 200-day moving average price of C$13.68. The firm has a market capitalization of C$3.55 billion, a price-to-earnings ratio of 21.92 and a beta of 1.13.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%.The business had revenue of C$131.42 million during the quarter. As a group, equities research analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current year.

About Dream Industrial Real Estate Invest Trst

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. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.