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

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.69 and traded as low as C$12.60. Dream Industrial Real Estate Invest Trst shares last traded at C$12.65, with a volume of 625,298 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on DIR.UN. National Bank Financial upped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. TD boosted their price target 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 report on Thursday, August 6th. Canaccord Genuity Group upped 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 report on Thursday, August 6th. Finally, Desjardins increased their price objective 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Dream Industrial Real Estate Invest Trst presently has an average rating of “Buy” and a consensus target price of C$15.47.

Dream Industrial Real Estate Invest Trst Price Performance

The firm has a 50 day simple moving average of C$13.93 and a 200-day simple moving average of C$13.69. The company has a quick ratio of 0.24, a current ratio of 0.40 and a debt-to-equity ratio of 63.72. The company has a market cap of C$3.51 billion, a PE ratio of 21.70 and a beta of 1.10.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last announced its earnings results on Tuesday, August 4th. The company reported C$0.11 EPS 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 business had revenue of C$131.42 million during the quarter. As a group, research analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current fiscal 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.