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Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Crosses Above 50 Day Moving Average - What's Next?

Dream Industrial Real Estate Invest Trst logo with Real Estate background

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$11.20 and traded as high as C$11.89. Dream Industrial Real Estate Invest Trst shares last traded at C$11.74, with a volume of 662,681 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DIR.UN. Royal Bank Of Canada dropped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 in a report on Monday, May 12th. Scotiabank decreased their target price on shares of 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 research report on Tuesday, April 8th. Finally, 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.

Read Our Latest Report on DIR.UN

Dream Industrial Real Estate Invest Trst Stock Performance

The company has a market cap of C$3.24 billion, a PE ratio of 19.25 and a beta of 1.25. The company's fifty day moving average price is C$11.20 and its 200 day moving average price is C$11.33. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25.

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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