Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Crosses Below 200 Day Moving Average of $12.24

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.24 and traded as low as $13.41. Dream Industrial Real Estate Invest Trst shares last traded at $13.49, with a volume of 200,664 shares trading hands.

DIR.UN has been the topic of a number of recent research reports. Canaccord Genuity raised their target price on Dream Industrial Real Estate Invest Trst from C$12.25 to C$13.25 and gave the stock an “average” rating in a report on Thursday, August 8th. CIBC raised their target price on Dream Industrial Real Estate Invest Trst from C$12.75 to C$13.50 in a report on Tuesday, September 24th. National Bank Financial raised their target price on Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.25 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Desjardins raised their target price on Dream Industrial Real Estate Invest Trst from C$12.50 to C$13.00 in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$13.21.

The company has a current ratio of 1.19, a quick ratio of 0.06 and a debt-to-equity ratio of 70.19. The firm has a market cap of $1.61 billion and a PE ratio of 9.37. The stock has a 50 day simple moving average of C$13.05 and a 200-day simple moving average of C$12.24.

About Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the U.S.

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