Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Raymond James cut their target price 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 Stock Up 0.5 %

The company has a market capitalization of C$3.20 billion, a price-to-earnings 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 firm’s fifty day moving average price is C$11.73 and its 200-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.