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

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$13.69 and traded as low as C$12.65. Dream Industrial Real Estate Invest Trst shares last traded at C$12.75, with a volume of 633,416 shares.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. National Bank Financial lifted their target price on Dream Industrial Real Estate Invest Trst from C$16.25 to C$16.75 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Desjardins upped their target price on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Canaccord Genuity Group increased their price target on Dream Industrial Real Estate Invest Trst from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, TD increased their price target on 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. Seven equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$15.47.

Dream Industrial Real Estate Invest Trst Stock Performance

The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.24 and a current ratio of 0.40. The stock’s fifty day moving average price is C$13.25 and its 200-day moving average price is C$13.69. The company has a market capitalization of C$3.74 billion, a P/E ratio of 22.47 and a beta of 1.13.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last issued its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$131.42 million during the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. As a group, research analysts anticipate that Dream Industrial Real Estate Invest Trst will post 0.89 EPS 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.