Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Pass Above 200 Day Moving Average – Time to Sell?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.41 and traded as high as C$14.44. Dream Industrial Real Estate Invest Trst shares last traded at C$14.30, with a volume of 386,456 shares traded.

Wall Street Analyst Weigh In

Separately, TD boosted their price target on shares of 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$15.04.

Dream Industrial Real Estate Invest Trst Stock Up 2.2%

The firm’s 50 day simple moving average is C$14.06 and its 200 day simple moving average is C$13.43. The company has a market cap of C$4.22 billion, a price-to-earnings ratio of 23.27 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.

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