Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Break Below 200-Day Moving Average - Should You Sell?

Key Points

• Dream Industrial REIT shares fell below their 200-day moving average, trading as low as C$12.60 and last changing hands at C$12.67, compared with a 200-day average of C$13.68.
• Despite the technical weakness, analysts remain bullish: all seven covering analysts rate the stock a Buy, with a consensus price target of C$15.47.
• The REIT reported quarterly revenue of C$131.42 million and earnings of C$0.11 per share; it operates industrial properties across Canada, the U.S. and Europe and aims to provide stable cash distributions.

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 Friday. The stock has a two hundred day moving average of C$13.68 and traded as low as C$12.60. Dream Industrial Real Estate Invest Trst shares last traded at C$12.67, with a volume of 546,177 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. National Bank Financial increased their price objective on Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Desjardins lifted their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Canaccord Genuity Group boosted their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, TD upped their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$15.47.

Dream Industrial Real Estate Invest Trst Trading Down 0.1%

The company's 50-day moving average is C$13.53 and its 200 day moving average is C$13.68. The company has a current ratio of 0.40, a quick ratio of 0.24 and a debt-to-equity ratio of 63.72. The firm has a market cap of C$3.55 billion, a PE ratio of 21.92 and a beta of 1.10.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. The firm had revenue of C$131.42 million for the quarter. As a group, sell-side analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current year.

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. 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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