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

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.64 and traded as low as C$11.49. Dream Industrial Real Estate Invest Trst shares last traded at C$11.58, with a volume of 354,410 shares.

Analyst Ratings Changes

Separately, Raymond James cut their price target on Dream Industrial Real Estate Invest Trst from C$15.75 to C$14.50 in a report on Monday, January 13th.

Dream Industrial Real Estate Invest Trst Stock Down 1.3 %

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 simple moving average is C$11.73 and its 200-day simple moving average is C$12.63. The company has a market capitalization of C$3.16 billion, a PE ratio of 18.77 and a beta of 1.25.

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.