Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Cross Above 200 Day Moving Average – What’s Next?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.17 and traded as high as C$14.09. Dream Industrial Real Estate Invest Trst shares last traded at C$13.99, with a volume of 630,399 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DIR.UN shares. Desjardins raised their price target 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 research report on Thursday, February 19th. TD upped 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, May 7th. Royal Bank Of Canada increased their target price on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Finally, Raymond James Financial lifted their target price on Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$15.04.

Dream Industrial Real Estate Invest Trst Stock Up 0.6%

The firm has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 22.21 and a beta of 1.15. The business has a 50 day moving average of C$13.86 and a 200 day moving average of C$13.17. The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.24.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$0.21 earnings per share for the quarter. The firm had revenue of C$130.46 million for the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. On average, equities analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current 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.