Shares of Dream Unlimited Corp. (TSE:DRM – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.13 and traded as low as C$18.14. Dream Unlimited shares last traded at C$18.27, with a volume of 41,938 shares trading hands.
Analysts Set New Price Targets
Separately, TD Securities lifted their price target on Dream Unlimited from C$28.00 to C$29.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$29.00.
Check Out Our Latest Research Report on DRM
Dream Unlimited Price Performance
Dream Unlimited (TSE:DRM – Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported C$0.69 earnings per share for the quarter. Dream Unlimited had a negative return on equity of 1.28% and a negative net margin of 4.03%.The firm had revenue of C$202.81 million for the quarter. Research analysts expect that Dream Unlimited Corp. will post 1.9481391 earnings per share for the current fiscal year.
Dream Unlimited Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, March 13th. This is a boost from Dream Unlimited’s previous quarterly dividend of $0.16. Dream Unlimited’s dividend payout ratio (DPR) is presently -147.73%.
Dream Unlimited Company Profile
DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.
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