Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Passes Below 200-Day Moving Average – Should You Sell?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$12.72 and traded as low as C$11.40. Dream Industrial Real Estate Invest Trst shares last traded at C$11.52, with a volume of 496,460 shares.

Analyst Upgrades and Downgrades

Separately, Raymond James dropped their target price 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 Price Performance

The company has a 50 day moving average price of C$11.78 and a 200-day moving average price of C$12.72. The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The company has a market cap of C$3.18 billion, a price-to-earnings ratio of 18.89 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.