Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Crosses Below 200-Day Moving Average of $13.07

Dream Industrial Real Estate Invest Trst (TSE:DIR.UNGet Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.07 and traded as low as C$12.65. Dream Industrial Real Estate Invest Trst shares last traded at C$12.72, with a volume of 511,004 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. 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 research report on Monday, January 22nd. Raymond James upped their target price 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 research report on Monday, January 8th. Finally, National Bankshares upped their target price 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 research report on Monday, January 29th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$16.28.

Read Our Latest Analysis on DIR.UN

Dream Industrial Real Estate Invest Trst Stock Down 0.1 %

The firm’s 50-day moving average price is C$13.18 and its 200 day moving average price is C$13.07. The firm has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 35.33 and a beta of 1.23. 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

(Get Free Report)

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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