Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Passes Below 200 Day Moving Average of $13.01

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.01 and traded as low as C$12.35. Dream Industrial Real Estate Invest Trst shares last traded at C$12.48, with a volume of 257,085 shares traded.

Analysts Set New Price Targets

DIR.UN has been the subject of several recent research reports. Raymond James lowered their price target on shares of Dream Industrial Real Estate Invest Trst from C$16.50 to C$16.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. National Bankshares dropped their target price on shares of Dream Industrial Real Estate Invest Trst from C$16.50 to C$16.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Finally, Laurentian set a C$15.50 target price on shares of Dream Industrial Real Estate Invest Trst and gave the stock a “buy” rating in a report on Monday, January 22nd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$16.17.

Dream Industrial Real Estate Invest Trst Stock Up 0.6 %

The stock’s 50 day simple moving average is C$12.83 and its two-hundred day simple moving average is C$13.01. The firm has a market cap of C$3.41 billion, a P/E ratio of 34.67 and a beta of 1.24. The company has a debt-to-equity ratio of 63.11, a current ratio of 0.21 and a quick ratio of 0.25.

About Dream Industrial Real Estate Invest Trst

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.