Dream Unlimited (TSE:DRM) Shares Cross Above 50-Day Moving Average – What’s Next?

by · The Cerbat Gem

Shares of Dream Unlimited Corp. (TSE:DRM – Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$18.09 and traded as high as C$19.08. Dream Unlimited shares last traded at C$18.70, with a volume of 23,074 shares traded.

Analyst Ratings Changes

Separately, TD Securities increased their price target on shares of Dream Unlimited from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$28.00.

Read Our Latest Stock Report on Dream Unlimited

Dream Unlimited Trading Up 0.6%

The company has a market cap of C$788.99 million, a PE ratio of 10.27 and a beta of 1.34. The company has a quick ratio of 0.67, a current ratio of 5.58 and a debt-to-equity ratio of 135.03. The business has a 50-day simple moving average of C$18.09 and a 200-day simple moving average of C$19.89.

Dream Unlimited (TSE:DRM – Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported C($0.35) earnings per share for the quarter. Dream Unlimited had a negative net margin of 4.18% and a negative return on equity of 1.59%. The firm had revenue of C$114.58 million during the quarter. On average, analysts predict that Dream Unlimited Corp. will post 1.9481391 EPS for the current fiscal year.

Dream Unlimited Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be paid a dividend of $0.1625 per share. The ex-dividend date is Monday, December 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.5%. Dream Unlimited’s payout ratio is presently 35.03%.

About Dream Unlimited

(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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