Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.61 and traded as low as C$12.22. Dream Industrial Real Estate Invest Trst shares last traded at C$12.33, with a volume of 409,339 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. TD Securities increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a research report on Thursday, December 18th. Desjardins lifted their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research report on Thursday, February 19th. National Bank Financial boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the company an “outperform” rating in a research note on Friday, December 19th. Royal Bank Of Canada increased their price target on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Finally, Raymond James Financial raised their price target on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$14.82.

Dream Industrial Real Estate Invest Trst Stock Down 0.2%

The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. The stock has a market cap of C$3.59 billion, a P/E ratio of 21.26 and a beta of 1.06. The company’s 50 day moving average price is C$12.96 and its two-hundred day moving average price is C$12.61.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last announced its earnings results on Tuesday, February 17th. The company reported C$0.10 earnings per share (EPS) for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The company had revenue of C$131.66 million during the quarter. Equities analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current year.

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. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.