Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Share Price Passes Below 200 Day Moving Average – What’s Next?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.77 and traded as low as C$11.66. Dream Industrial Real Estate Invest Trst shares last traded at C$11.86, with a volume of 668,617 shares changing hands.

Analyst Ratings Changes

Separately, Raymond James lowered their price target on shares of Dream Industrial Real Estate Invest Trst from C$15.75 to C$14.50 in a report on Monday, January 13th.

Dream Industrial Real Estate Invest Trst Stock Performance

The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40. The firm’s 50 day simple moving average is C$11.78 and its 200 day simple moving average is C$12.77. The firm has a market capitalization of C$3.27 billion, a price-to-earnings ratio of 19.44 and a beta of 1.25.

Dream Industrial Real Estate Invest Trst Company Profile

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.