Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.84 and traded as low as C$11.63. Dream Industrial Real Estate Invest Trst shares last traded at C$11.75, with a volume of 553,537 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James reduced their price objective on shares of Dream Industrial Real Estate Invest Trst from C$15.75 to C$14.50 in a research report on Monday, January 13th.

Dream Industrial Real Estate Invest Trst Trading Down 0.8 %

The stock’s 50-day simple moving average is C$11.81 and its 200-day simple moving average is C$12.84. The firm has a market capitalization of C$3.24 billion, a PE ratio of 19.26 and a beta of 1.25. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40.

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.