Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Crosses Below Two Hundred Day Moving Average of $0.00
Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $12.16. Dream Industrial Real Estate Invest Trst shares last traded at $12.17, with a volume of 59,594 shares changing hands.
Several brokerages have weighed in on DIR.UN. TD Securities lifted their price objective on Dream Industrial Real Estate Invest Trst from C$13.00 to C$13.50 and gave the company a “buy” rating in a report on Tuesday, June 18th. National Bank Financial cut Street Capital Group from a “sector perform” rating to a “tender” rating and lifted their price objective for the company from C$0.50 to C$0.68 in a report on Tuesday, June 18th. Finally, CIBC lifted their price objective on TMAC Resources from C$5.50 to C$6.00 in a report on Friday, June 14th.
The company has a market capitalization of $932.16 million and a PE ratio of 12.51. The company has a debt-to-equity ratio of 93.04, a current ratio of 0.17 and a quick ratio of 0.11. The business’s fifty day simple moving average is C$12.06.
Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. Dream Industrial REIT owns and operates a portfolio of 223 geographically diversified light industrial properties comprising approximately 20.2 million square feet of gross leasable area in key markets across Canada and the U.S.
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