Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Cross Above 50-Day Moving Average of $14.01

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$14.01 and traded as high as C$14.22. Dream Industrial Real Estate Invest Trst shares last traded at C$14.14, with a volume of 449,804 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DIR.UN. National Bankshares dropped their target price on shares of Dream Industrial Real Estate Invest Trst from C$18.50 to C$17.50 in a research report on Tuesday, July 18th. TD Securities dropped their target price on shares of Dream Industrial Real Estate Invest Trst from C$17.00 to C$16.50 in a research report on Wednesday, July 5th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$17.08.

Dream Industrial Real Estate Invest Trst Price Performance

The company has a debt-to-equity ratio of 63.98, a current ratio of 0.18 and a quick ratio of 0.25. The company’s 50 day moving average is C$14.01 and its 200 day moving average is C$14.14. The stock has a market cap of C$3.78 billion, a price-to-earnings ratio of 26.68 and a beta of 1.19.

About Dream Industrial Real Estate Invest Trst

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the U.S.