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

Dream Industrial Real Estate Invest Trst logo with Real Estate background

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$11.04 and traded as high as C$11.83. Dream Industrial Real Estate Invest Trst shares last traded at C$11.79, with a volume of 846,869 shares trading hands.

Analyst Ratings Changes

A number of research firms recently commented on DIR.UN. Scotiabank decreased their price target 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 research report on Tuesday, April 8th. Royal Bank Of Canada reduced their target price on shares of Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 in a research report on Monday, May 12th. Finally, TD Securities lowered their price target on shares of Dream Industrial Real Estate Invest Trst from C$13.00 to C$12.50 and set a "buy" rating for the company in a report on Thursday, May 8th.

Get Our Latest Stock Analysis on DIR.UN

Dream Industrial Real Estate Invest Trst Stock Performance

The stock has a market capitalization of C$3.30 billion, a P/E ratio of 19.59 and a beta of 1.25. The company has a 50-day moving average price of C$11.15 and a two-hundred day moving average price of C$11.34. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72.

About Dream Industrial Real Estate Invest Trst

(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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