Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Share Price Crosses Below 200 Day Moving Average of $13.06

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.06 and traded as low as C$12.75. Dream Industrial Real Estate Invest Trst shares last traded at C$12.83, with a volume of 352,482 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. National Bankshares dropped their price objective on 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 report on Wednesday, April 24th. Raymond James dropped their price objective on 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 report on Wednesday, April 24th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$15.94.

Dream Industrial Real Estate Invest Trst Stock Performance

The firm has a market capitalization of C$3.53 billion, a P/E ratio of 18.59 and a beta of 1.25. The stock has a fifty day simple moving average of C$12.65 and a two-hundred day simple moving average of C$13.06. The company has a debt-to-equity ratio of 64.46, a current ratio of 0.26 and a quick ratio of 0.25.

Dream Industrial Real Estate Invest Trst Company Profile

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.