Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Shares crossed above its 200-day moving average (C$12.76), trading as high as C$13.91 and last at C$13.66 on a volume of 619,500 shares, a bullish technical signal.
• Several analysts (RBC, Desjardins, Raymond James) raised price targets and assigned "buy"/"outperform" ratings, leaving a consensus rating of Buy and a consensus price target of C$14.96.
• The company has a market cap of C$3.98 billion and a P/E of 23.55; it reported quarterly EPS of C$0.10 on C$131.66 million revenue and shows leverage (debt-to-equity ~63.7%) with low liquidity (current ratio 0.40).

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.76 and traded as high as C$13.91. Dream Industrial Real Estate Invest Trst shares last traded at C$13.66, with a volume of 619,500 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DIR.UN shares. Royal Bank Of Canada increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a research report on Monday, February 23rd. Desjardins increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Finally, Raymond James Financial increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an "outperform" rating in a research report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$14.96.

Dream Industrial Real Estate Invest Trst Stock Down 1.4%

The company has a market cap of C$3.98 billion, a P/E ratio of 23.55 and a beta of 1.04. The stock's 50-day moving average price is C$13.07 and its 200-day moving average price is C$12.76. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The company reported C$0.10 earnings per share (EPS) for the quarter. The company had revenue of C$131.66 million for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. As a group, research analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current year.

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. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.

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