Dream Unlimited Corp. (TSE:DRM – Get Free Report)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$19.01 and traded as high as C$20.19. Dream Unlimited shares last traded at C$19.69, with a volume of 26,410 shares traded.
Analysts Set New Price Targets
DRM has been the subject of a number of research reports. TD Securities lifted their target price on shares of Dream Unlimited from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. TD raised their price objective on shares of Dream Unlimited from C$29.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Dream Unlimited presently has a consensus rating of “Buy” and an average target price of C$29.50.
View Our Latest Research Report on DRM
Dream Unlimited Stock Performance
Dream Unlimited (TSE:DRM – Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported C($0.11) earnings per share for the quarter. Dream Unlimited had a negative return on equity of 1.06% and a negative net margin of 3.32%.The business had revenue of C$67.43 million for the quarter. Research analysts forecast that Dream Unlimited Corp. will post 1.9481391 earnings per share for the current year.
Dream Unlimited Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.6%. Dream Unlimited’s dividend payout ratio is currently -184.03%.
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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