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

Key Points

• Dream Industrial Real Estate Investment Trust shares fell below their 200-day moving average, reaching C$12.65 and closing around C$12.75, compared with the C$13.69 long-term average.
• Despite the technical weakness, analysts remain bullish: all seven analysts rate the stock a Buy, with an average price target of C$15.47 and several firms recently raising their targets.
• The trust reported quarterly revenue of C$131.42 million and earnings of C$0.11 per share; it owns 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 Tuesday. The stock has a two hundred day moving average of C$13.69 and traded as low as C$12.65. Dream Industrial Real Estate Invest Trst shares last traded at C$12.75, with a volume of 633,416 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DIR.UN shares. National Bank Financial boosted their price target 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 note on Thursday, August 6th. Canaccord Genuity Group raised their price target on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Desjardins increased 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. Finally, TD boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Dream Industrial Real Estate Invest Trst has an average rating of "Buy" and an average target price of C$15.47.

Dream Industrial Real Estate Invest Trst Stock Performance

The stock's fifty day moving average is C$13.29 and its 200-day moving average is C$13.69. The stock has a market cap of C$3.67 billion, a price-to-earnings ratio of 22.06 and a beta of 1.13. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. The firm had revenue of C$131.42 million for the quarter. On average, analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.89 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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