Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Crosses Below 200-Day Moving Average of $13.09

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.09 and traded as low as C$12.59. Dream Industrial Real Estate Invest Trst shares last traded at C$12.61, with a volume of 312,273 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Raymond James dropped their price target on shares of Dream Industrial Real Estate Invest Trst from C$16.50 to C$16.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. National Bankshares cut their target price 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 note on Wednesday, April 24th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dream Industrial Real Estate Invest Trst has an average rating of “Buy” and an average price target of C$15.94.

Dream Industrial Real Estate Invest Trst Price Performance

The company’s 50 day simple moving average is C$12.62 and its 200 day simple moving average is C$13.09. The company has a current ratio of 0.26, a quick ratio of 0.25 and a debt-to-equity ratio of 64.46. The stock has a market capitalization of C$3.47 billion, a PE ratio of 18.28 and a beta of 1.25.

About Dream Industrial Real Estate Invest Trst

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.