Dream Unlimited (TSE:DRM) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Dream Unlimited Corp. (TSE:DRM) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$21.82 and traded as low as C$17.87. Dream Unlimited shares last traded at C$18.19, with a volume of 43,681 shares.

Wall Street Analyst Weigh In

Separately, TD Securities cut their target price on shares of Dream Unlimited from C$33.00 to C$28.00 in a research report on Monday, April 21st.

Dream Unlimited Trading Down 0.7%

The company’s 50 day moving average price is C$18.96 and its 200 day moving average price is C$21.82. The company has a market cap of C$739.49 million, a price-to-earnings ratio of -33.99 and a beta of 1.39. The company has a debt-to-equity ratio of 135.03, a quick ratio of 0.67 and a current ratio of 5.58.

Dream Unlimited Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a dividend of $0.1625 per share. This is a positive change from Dream Unlimited’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.65 annualized dividend and a dividend yield of 3.57%. Dream Unlimited’s dividend payout ratio is -112.10%.

Insider Transactions at Dream Unlimited

In other news, Director Jane Gavan sold 8,355 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$19.84, for a total transaction of C$165,763.20. Also, Director Jennifer Koss sold 3,076 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$18.64, for a total transaction of C$57,336.64. 47.16% of the stock is currently owned by company insiders.

About Dream Unlimited

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.