Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$13.17 and traded as high as C$14.09. Dream Industrial Real Estate Invest Trst shares last traded at C$13.99, with a volume of 630,399 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on DIR.UN shares. Desjardins raised their target price on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Raymond James Financial upped their price target on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Royal Bank Of Canada increased their price objective on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Finally, TD lifted their price objective on Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$15.04.

Dream Industrial Real Estate Invest Trst Stock Performance

The stock has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 22.21 and a beta of 1.15. 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 stock’s 50-day simple moving average is C$13.86 and its 200 day simple moving average is C$13.17.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.21 earnings per share for the quarter. The firm had revenue of C$130.46 million for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. Analysts expect 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.