Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.61 and traded as low as C$12.22. Dream Industrial Real Estate Invest Trst shares last traded at C$12.33, with a volume of 409,339 shares changing hands.

Wall Street Analysts Forecast Growth

DIR.UN has been the subject of a number of analyst reports. Raymond James Financial boosted their price objective on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Desjardins raised their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a report on Thursday, February 19th. TD Securities lifted 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 note on Thursday, December 18th. Royal Bank Of Canada boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Finally, National Bank Financial increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the company an “outperform” rating in a research report on Friday, December 19th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$14.82.

Dream Industrial Real Estate Invest Trst Trading Down 0.2%

The company has a 50-day moving average price of C$12.96 and a 200-day moving average price of C$12.61. The firm has a market capitalization of C$3.59 billion, a price-to-earnings ratio of 21.26 and a beta of 1.06. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its quarterly earnings data on Tuesday, February 17th. The company reported C$0.10 EPS for the quarter. The business had revenue of C$131.66 million for the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. As a group, research analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current fiscal 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.