Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.61 and traded as low as C$12.22. Dream Industrial Real Estate Invest Trst shares last traded at C$12.33, with a volume of 409,339 shares changing hands.

Analysts Set New Price Targets

Several research firms have issued reports on DIR.UN. Royal Bank Of Canada boosted their price target on Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Raymond James Financial lifted their price objective on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. National Bank Financial boosted their price objective on Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.75 and gave the company an “outperform” rating in a research note on Friday, December 19th. TD Securities boosted their price objective on 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 Thursday, December 18th. Finally, Desjardins increased their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Dream Industrial Real Estate Invest Trst presently has an average rating of “Moderate Buy” and a consensus price target of C$14.82.

Dream Industrial Real Estate Invest Trst Stock Performance

The company has a market cap of C$3.59 billion, a PE ratio of 21.26 and a beta of 1.06. 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 business’s 50 day moving average is C$12.96 and its two-hundred day moving average is C$12.61.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings results on Tuesday, February 17th. The company reported C$0.10 earnings per share (EPS) for the quarter. The business had revenue of C$131.66 million during the quarter. Dream Industrial Real Estate Invest Trst had a return on equity of 3.88% and a net margin of 37.00%. On average, equities research analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current 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.