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Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

Dream Industrial Real Estate Invest Trst logo with Real Estate background

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.61 and traded as low as C$10.70. Dream Industrial Real Estate Invest Trst shares last traded at C$10.86, with a volume of 483,966 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD Securities decreased their target price 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 research report on Thursday, May 8th. Scotiabank decreased their price objective 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 report on Tuesday, April 8th. Finally, 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 report on Monday, May 12th.

View Our Latest Stock Report on Dream Industrial Real Estate Invest Trst

Dream Industrial Real Estate Invest Trst Stock Up 1.0%

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 firm has a market capitalization of C$3.00 billion, a P/E ratio of 17.80 and a beta of 1.25. The stock's 50-day simple moving average is C$10.73 and its 200-day simple moving average is C$11.61.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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