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

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.92 and traded as low as C$11.66. Dream Industrial Real Estate Invest Trst shares last traded at C$11.70, with a volume of 349,882 shares.

Wall Street Analyst Weigh In

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

Dream Industrial Real Estate Invest Trst Stock Performance

The company has a debt-to-equity ratio of 63.72, a current ratio of 0.40 and a quick ratio of 0.25. The stock’s 50 day simple moving average is C$11.85 and its two-hundred day simple moving average is C$12.91. The stock has a market cap of C$3.24 billion, a P/E ratio of 19.25 and a beta of 1.25.

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.