Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Cross Below 200 Day Moving Average of $14.39

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Rating)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.39 and traded as low as C$12.87. Dream Industrial Real Estate Invest Trst shares last traded at C$12.99, with a volume of 342,197 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on DIR.UN shares. Scotiabank cut their price objective on Dream Industrial Real Estate Invest Trst from C$17.50 to C$16.00 in a research report on Monday, August 8th. Royal Bank of Canada decreased their price target on Dream Industrial Real Estate Invest Trst from C$19.50 to C$18.50 and set an “outperform” rating on the stock in a research note on Friday, May 6th. Raymond James decreased their price target on Dream Industrial Real Estate Invest Trst from C$18.75 to C$16.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. National Bankshares lifted their price target on Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.25 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, CIBC decreased their price target on Dream Industrial Real Estate Invest Trst from C$18.00 to C$17.00 in a research note on Monday, June 27th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dream Industrial Real Estate Invest Trst presently has an average rating of “Buy” and a consensus price target of C$17.25.

Dream Industrial Real Estate Invest Trst Price Performance

The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 51.38. The business has a fifty day simple moving average of C$12.39 and a 200 day simple moving average of C$14.39. The stock has a market capitalization of C$3.32 billion and a P/E ratio of 3.42.

Dream Industrial Real Estate Invest Trst Company Profile

(Get Rating)

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.

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