Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.64 and traded as low as C$11.49. Dream Industrial Real Estate Invest Trst shares last traded at C$11.58, with a volume of 354,410 shares traded.

Analysts Set New Price Targets

Separately, Raymond James cut their price target 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 company has a market capitalization of C$3.20 billion, a P/E ratio of 18.98 and a beta of 1.25. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. The company’s 50-day moving average price is C$11.73 and its two-hundred day moving average price is C$12.64.

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.