Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Hits New 1-Year Low – Should You Sell?

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

Wall Street Analyst Weigh In

Separately, Raymond James reduced their price objective 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 Stock Performance

The firm has a market cap of C$2.89 billion, a P/E ratio of 17.16 and a beta of 1.25. The company has a debt-to-equity ratio of 63.72, a quick ratio of 0.25 and a current ratio of 0.40. The business’s 50-day simple moving average is C$11.63 and its 200 day simple moving average is C$12.43.

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.