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Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Share Price Passes Above 50 Day Moving Average - Here's Why

Dream Industrial Real Estate Invest Trst logo with Real Estate background

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$10.62 and traded as high as C$11.04. Dream Industrial Real Estate Invest Trst shares last traded at C$10.96, with a volume of 855,745 shares.

Analyst Upgrades and Downgrades

DIR.UN has been the subject of several analyst reports. TD Securities dropped their target price on Dream Industrial Real Estate Invest Trst from C$13.00 to C$12.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada dropped their target price on Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 in a research note on Monday, May 12th. Finally, Scotiabank dropped their target price on Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 8th.

Read Our Latest Report on DIR.UN

Dream Industrial Real Estate Invest Trst Price Performance

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 business has a 50-day moving average price of C$10.61 and a two-hundred day moving average price of C$11.51. The firm has a market capitalization of C$3.10 billion, a price-to-earnings ratio of 18.43 and a beta of 1.25.

Dream Industrial Real Estate Invest Trst Company Profile

(Get Free Report)

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.

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