Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.55 and traded as low as C$11.39. Dream Industrial Real Estate Invest Trst shares last traded at C$11.47, with a volume of 802,715 shares changing hands.

Analysts Set New Price Targets

Separately, Raymond James dropped their price target on Dream Industrial Real Estate Invest Trst from C$15.75 to C$14.50 in a research note on Monday, January 13th.

Dream Industrial Real Estate Invest Trst Trading Up 0.6 %

The stock has a market capitalization of C$3.17 billion, a PE ratio of 18.80 and a beta of 1.25. 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 firm has a 50-day moving average price of C$11.71 and a 200-day moving average price of C$12.55.

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.