Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Dream Industrial Real Estate Invest Trst shares crossed above their 200-day moving average, reaching a high of C$12.39, and last traded at C$12.29 with significant trading volume.
• Analysts have varying ratings for the stock, with Raymond James downgraded it to "outperform," while TD Securities and National Bank have lifted their target prices, indicating a generally positive outlook.
• The company has a market capitalization of C$3.59 billion and aims to provide stable cash distributions to its unitholders through its portfolio of industrial properties across Canada and the U.S.

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.52 and traded as high as C$12.39. Dream Industrial Real Estate Invest Trst shares last traded at C$12.29, with a volume of 566,840 shares traded.

Analyst Upgrades and Downgrades

DIR.UN has been the topic of a number of analyst reports. Raymond James Financial downgraded shares of Dream Industrial Real Estate Invest Trst from a "strong-buy" rating to an "outperform" rating and lifted their target price for the stock from C$13.00 to C$13.75 in a research note on Thursday, July 17th. TD Securities increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$12.50 to C$13.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. National Bankshares increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$13.25 to C$14.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Desjardins increased their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the stock a "buy" rating in a research report on Monday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$13.96.

Dream Industrial Real Estate Invest Trst Price Performance

The company has a market capitalization of C$3.59 billion, a PE ratio of 16.43 and a beta of 1.19. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. The company's 50 day simple moving average is C$12.26 and its 200 day simple moving average is C$11.52.

About Dream Industrial Real Estate Invest Trst

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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