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

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.92 and traded as low as C$11.66. Dream Industrial Real Estate Invest Trst shares last traded at C$11.70, with a volume of 349,882 shares.

Analyst Upgrades and Downgrades

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

Dream Industrial Real Estate Invest Trst Price Performance

The firm has a market capitalization of C$3.23 billion, a PE ratio of 19.18 and a beta of 1.25. The firm’s fifty day moving average price is C$11.87 and its 200 day moving average price is C$12.92. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72.

About Dream Industrial Real Estate Invest Trst

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.