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

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price crossed 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James decreased their price target 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 Stock Up 0.6 %

The company has a market cap of C$3.17 billion, a P/E ratio of 18.80 and a beta of 1.25. The stock has a 50-day moving average of C$11.71 and a two-hundred day moving average of C$12.55. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40.

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.