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Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Pass Above 50 Day Moving Average - Here's What Happened

Dream Industrial Real Estate Invest Trst logo with Real Estate background

Key Points

  • Dream Industrial Real Estate Investment Trust (TSE:DIR.UN) shares traded above their 50-day moving average, reaching a high of C$12.33 before settling at C$12.06.
  • The Royal Bank of Canada reduced its price target on DIR.UN from C$16.00 to C$14.00, while TD Securities raised it to C$13.50, reflecting mixed analyst opinions.
  • The company has a market capitalization of C$3.33 billion and a P/E ratio of 19.77, indicating its valuation metrics and market standing.
  • Want stock alerts on Dream Industrial Real Estate Invest Trst? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$11.73 and traded as high as C$12.33. Dream Industrial Real Estate Invest Trst shares last traded at C$12.06, with a volume of 514,916 shares.

Wall Street Analyst Weigh In

A number of research analysts have commented on DIR.UN shares. TD Securities upped their price objective on Dream Industrial Real Estate Invest Trst from C$12.50 to C$13.50 and gave the company a "buy" rating in a report on Thursday, August 7th. Raymond James Financial lowered Dream Industrial Real Estate Invest Trst from a "strong-buy" rating to an "outperform" rating and upped their price objective for the company from C$13.00 to C$13.75 in a report on Thursday, July 17th. Finally, Royal Bank Of Canada decreased their price objective 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 Report on DIR.UN

Dream Industrial Real Estate Invest Trst Trading Down 1.1%

The company has a market cap of C$3.35 billion, a price-to-earnings ratio of 19.92 and a beta of 1.25. The firm has a 50 day moving average price of C$11.77 and a two-hundred day moving average price of C$11.34. The company has a quick ratio of 0.25, a current ratio of 0.40 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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