Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Breaks Below 200-Day Moving Average – What’s Next?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$13.68 and traded as low as C$12.54. Dream Industrial Real Estate Invest Trst shares last traded at C$12.68, with a volume of 658,034 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DIR.UN shares. National Bank Financial lifted their price objective on shares of 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. Desjardins raised their price target on shares of 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. TD boosted their price target on shares of Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group upped their price objective 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. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$15.47.

Dream Industrial Real Estate Invest Trst Price Performance

The stock’s 50 day moving average is C$13.73 and its two-hundred day moving average is C$13.68. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.24. The stock has a market capitalization of C$3.60 billion, a PE ratio of 22.20 and a beta of 1.10.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) 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 company had revenue of C$131.42 million during the quarter. As a group, sell-side analysts forecast that Dream Industrial Real Estate Invest Trst will post 0.892928 earnings per share for the current fiscal year.

Dream Industrial Real Estate Invest Trst Company Profile

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.