Dream Unlimited (TSE:DRM) Issues Quarterly Earnings Results

Dream Unlimited (TSE:DRMGet Free Report) posted its quarterly earnings results on Wednesday. The company reported C($0.11) EPS for the quarter, FiscalAI reports. Dream Unlimited had a negative net margin of 4.03% and a negative return on equity of 1.28%. The business had revenue of C$67.43 million during the quarter.

Dream Unlimited Stock Down 1.6%

DRM opened at C$18.96 on Thursday. Dream Unlimited has a fifty-two week low of C$17.00 and a fifty-two week high of C$23.36. The company has a debt-to-equity ratio of 132.04, a quick ratio of 0.67 and a current ratio of 139.03. The company has a fifty day moving average of C$19.26 and a two-hundred day moving average of C$19.15. The stock has a market capitalization of C$796.17 million, a price-to-earnings ratio of -43.09 and a beta of 1.47.

Dream Unlimited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Dream Unlimited’s previous quarterly dividend of $0.16. This represents a $0.70 dividend on an annualized basis and a yield of 3.7%. Dream Unlimited’s dividend payout ratio is presently -147.73%.

Wall Street Analysts Forecast Growth

Separately, TD Securities upped their price target on shares of Dream Unlimited from C$28.00 to C$29.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$29.00.

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Dream Unlimited Company Profile

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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.

See Also

Earnings History for Dream Unlimited (TSE:DRM)

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