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

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.70 and traded as low as C$13.32. Dream Industrial Real Estate Invest Trst shares last traded at C$13.41, with a volume of 511,200 shares changing hands.

Wall Street Analysts Forecast Growth

DIR.UN has been the topic of several research reports. TD upped their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Canaccord Genuity Group lifted their price target on 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. Desjardins boosted their price target on 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. Finally, National Bank Financial increased their price objective on Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the company an “outperform” rating in a report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$15.47.

Dream Industrial Real Estate Invest Trst Stock Performance

The firm’s 50 day simple moving average is C$14.19 and its 200 day simple moving average is C$13.70. The firm has a market capitalization of C$3.74 billion, a price-to-earnings ratio of 23.10 and a beta of 1.15. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last released its quarterly earnings data on Tuesday, August 4th. The company reported C$0.11 earnings per share 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 firm had revenue of C$131.42 million for the quarter. Sell-side analysts forecast 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.