Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Shares Cross Above 200 Day Moving Average – Here’s Why

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.76 and traded as high as C$13.91. Dream Industrial Real Estate Invest Trst shares last traded at C$13.66, with a volume of 619,500 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIR.UN. Royal Bank Of Canada raised their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Desjardins raised their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, Raymond James Financial raised their price target on shares of Dream Industrial Real Estate Invest Trst from C$14.75 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Dream Industrial Real Estate Invest Trst has an average rating of “Buy” and a consensus price target of C$14.96.

Dream Industrial Real Estate Invest Trst Stock Performance

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 firm has a market cap of C$3.98 billion, a P/E ratio of 23.55 and a beta of 1.04. The company’s 50-day moving average is C$13.07 and its two-hundred day moving average is C$12.76.

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) last posted its quarterly earnings data on Tuesday, February 17th. The company reported C$0.10 EPS for the quarter. The firm had revenue of C$131.66 million during the quarter. Dream Industrial Real Estate Invest Trst had a net margin of 37.00% and a return on equity of 3.88%. As a group, equities analysts predict that Dream Industrial Real Estate Invest Trst will post 0.892928 EPS for the current fiscal year.

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. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the Canadian portfolio.