Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $11.93. Dream Industrial Real Estate Invest Trst shares last traded at $12.04, with a volume of 357,469 shares.

A number of research firms have weighed in on DIR.UN. TD Securities lifted their target price on Dream Industrial Real Estate Invest Trst from C$13.00 to C$13.50 and gave the company a “buy” rating in a report on Tuesday, June 18th. CIBC lifted their target price on TMAC Resources from C$5.50 to C$6.00 in a report on Friday, June 14th. Finally, National Bank Financial lowered Street Capital Group from a “sector perform” rating to a “tender” rating and lifted their target price for the company from C$0.50 to C$0.68 in a report on Tuesday, June 18th.

The stock has a 50-day moving average of C$11.97. The stock has a market cap of $924.54 million and a P/E ratio of 12.40. The company has a current ratio of 0.17, a quick ratio of 0.11 and a debt-to-equity ratio of 93.04.

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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