Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s stock 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 traded.

Wall Street Analyst Weigh In

Separately, Raymond James dropped their price target on 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 Stock Down 0.8 %

The stock has a market capitalization of C$3.24 billion, a price-to-earnings ratio of 19.26 and a beta of 1.25. The business has a 50-day moving average of C$11.81 and a 200-day moving average of C$12.83. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40.

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.