Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Reaches New 1-Year Low – What’s Next?

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)’s share price hit a new 52-week low during trading on Friday . The company traded as low as C$10.71 and last traded at C$10.71, with a volume of 115002 shares. The stock had previously closed at C$11.09.

Wall Street Analyst Weigh In

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

Dream Industrial Real Estate Invest Trst Trading Down 5.6 %

The stock’s 50-day simple moving average is C$11.63 and its two-hundred day simple moving average is C$12.43. 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 firm has a market capitalization of C$2.89 billion, a P/E ratio of 17.16 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.