Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Crosses Below 200 Day Moving Average - Here's What Happened

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.97 and traded as low as C$10.41. Dream Industrial Real Estate Invest Trst shares last traded at C$10.56, with a volume of 577,766 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Scotiabank decreased their target price on Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 8th. Raymond James reduced their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.75 to C$14.50 in a research report on Monday, January 13th.

Dream Industrial Real Estate Invest Trst Price Performance

The company has a quick ratio of 0.25, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The stock has a market capitalization of C$2.98 billion, a price-to-earnings ratio of 17.69 and a beta of 1.25. The business's 50 day simple moving average is C$11.04 and its 200-day simple moving average is C$11.89.

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.