Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.92 and traded as low as C$11.66. Dream Industrial Real Estate Invest Trst shares last traded at C$11.70, with a volume of 349,882 shares trading hands.

Analysts Set New Price Targets

Separately, Raymond James lowered their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.75 to C$14.50 in a research report on Monday, January 13th.

Dream Industrial Real Estate Invest Trst Stock Up 0.3 %

The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40. The stock has a market cap of C$3.24 billion, a price-to-earnings ratio of 19.25 and a beta of 1.25. The firm’s 50-day simple moving average is C$11.85 and its two-hundred day simple moving average is C$12.91.

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.