Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Cross Below 200-Day Moving Average – What’s Next?

by · The Markets Daily

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.04 and traded as low as C$11.84. Dream Industrial Real Estate Invest Trst shares last traded at C$11.91, with a volume of 526,559 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DIR.UN shares. National Bankshares raised their price objective on shares of Dream Industrial Real Estate Invest Trst from C$13.25 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Desjardins raised their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$14.50 and gave the company a “buy” rating in a research note on Monday, October 6th. BMO Capital Markets lifted their price target on shares of Dream Industrial Real Estate Invest Trst from C$13.00 to C$14.00 in a report on Monday, November 10th. Finally, TD Securities increased their price objective on Dream Industrial Real Estate Invest Trst from C$13.50 to C$14.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$14.04.

Get Our Latest Research Report on DIR.UN

Dream Industrial Real Estate Invest Trst Stock Up 0.3%

The stock’s 50-day moving average price is C$12.25 and its 200-day moving average price is C$12.04. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. The stock has a market cap of C$3.50 billion, a price-to-earnings ratio of 13.89 and a beta of 1.17.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$126.62 million during the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. On average, sell-side analysts expect that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current year.

About Dream Industrial Real Estate Invest Trst

(Get Free Report)

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.

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