Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$10.62 and traded as high as C$11.04. Dream Industrial Real Estate Invest Trst shares last traded at C$10.96, with a volume of 855,745 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. TD Securities dropped their price objective on shares of Dream Industrial Real Estate Invest Trst from C$13.00 to C$12.50 and set a “buy” rating on the stock in a report on Thursday, May 8th. Royal Bank of Canada lowered their price target on Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 in a research note on Monday, May 12th. Finally, Scotiabank lowered their price target on Dream Industrial Real Estate Invest Trst from C$16.00 to C$14.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 8th.

Dream Industrial Real Estate Invest Trst Price Performance

The stock has a market cap of C$3.03 billion, a P/E ratio of 17.97 and a beta of 1.25. The company has a current ratio of 0.40, a quick ratio of 0.25 and a debt-to-equity ratio of 63.72. The company’s fifty day simple moving average is C$10.62 and its 200-day simple moving average is C$11.51.

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.