Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Passes Below 200-Day Moving Average of $13.02

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.02 and traded as low as C$12.30. Dream Industrial Real Estate Invest Trst shares last traded at C$12.37, with a volume of 502,037 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DIR.UN. Raymond James increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a report on Monday, January 8th. National Bankshares increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, Laurentian set a C$15.50 price target on shares of Dream Industrial Real Estate Invest Trst and gave the stock a “buy” rating in a report on Monday, January 22nd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dream Industrial Real Estate Invest Trst has an average rating of “Buy” and a consensus target price of C$16.28.

Dream Industrial Real Estate Invest Trst Stock Down 0.2 %

The company has a current ratio of 0.21, a quick ratio of 0.25 and a debt-to-equity ratio of 63.11. The firm has a market capitalization of C$3.38 billion, a P/E ratio of 34.36 and a beta of 1.23. The company’s fifty day simple moving average is C$12.96 and its 200 day simple moving average is C$13.02.

Dream Industrial Real Estate Invest Trst Company Profile

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the U.S.