Dream Unlimited (TSE:DRM) Shares Cross Below 200 Day Moving Average – What’s Next?

Shares of Dream Unlimited Corp. (TSE:DRMGet 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

The business has a 50 day moving average price of C$19.60 and a two-hundred day moving average price of C$19.13. The stock has a market cap of C$767.19 million, a PE ratio of -41.52 and a beta of 1.47. The company has a debt-to-equity ratio of 132.04, a quick ratio of 0.67 and a current ratio of 139.03.

Dream Unlimited (TSE:DRMGet 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

(Get Free Report)

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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