Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.63 and traded as high as $14.02. Dream Industrial Real Estate Invest Trst shares last traded at $13.97, with a volume of 643,923 shares trading hands.

DIR.UN has been the topic of several research analyst reports. National Bank Financial set a C$15.00 price objective on shares of Dream Industrial Real Estate Invest Trst and gave the company an “outperform” rating in a research report on Thursday. Scotiabank increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$14.75 in a research report on Sunday, January 26th. Royal Bank of Canada reissued an “outperform” rating and issued a C$15.00 price objective on shares of Dream Industrial Real Estate Invest Trst in a research report on Thursday, December 12th. TD Securities increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, CIBC increased their price objective on shares of Dream Industrial Real Estate Invest Trst from C$13.75 to C$14.50 in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Dream Industrial Real Estate Invest Trst presently has a consensus rating of “Buy” and a consensus target price of C$14.43.

The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 66.26. The company’s 50 day moving average is C$13.69 and its 200 day moving average is C$13.21. The firm has a market capitalization of $1.91 billion and a price-to-earnings ratio of 12.29.

About Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

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.

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