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

Key Points

• Dream Industrial’s share price crossed above its 50-day moving average, trading as high as C$13.13 and last at C$12.92 on volume of 546,952, versus a 50-day MA of C$12.91.
• Multiple analysts (Desjardins, Raymond James, National Bank, RBC, TD) recently raised price targets and ratings, leaving a consensus of “Moderate Buy” with an average target of C$14.82.
• Key fundamentals: market cap C$3.77B, P/E 22.28 and debt-to-equity 63.72; most recent quarter showed EPS of C$0.10 on revenue of C$131.66M and a net margin of 37%.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$12.91 and traded as high as C$13.13. Dream Industrial Real Estate Invest Trst shares last traded at C$12.92, with a volume of 546,952 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Desjardins upped their price target on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a "buy" rating in a report on Thursday, February 19th. Raymond James Financial upped their price target on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an "outperform" rating in a report on Thursday, February 19th. National Bank Financial upped their price target on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the stock an "outperform" rating in a report on Friday, December 19th. Royal Bank Of Canada upped their price target on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a report on Monday, February 23rd. Finally, TD Securities upped their price target on Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a "buy" rating in a report on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$14.82.

Dream Industrial Real Estate Invest Trst Price Performance

The stock has a market cap of C$3.77 billion, a P/E ratio of 22.28 and a beta of 1.04. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40. The business has a 50 day simple moving average of C$12.91 and a 200-day simple moving average of C$12.63.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$131.66 million during the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. On average, sell-side 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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