Dream Unlimited (TSE:DRM) Stock Crosses Below 200-Day Moving Average of $20.62

Shares of Dream Unlimited Corp. (TSE:DRM) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$20.62 and traded as low as C$18.73. Dream Unlimited shares last traded at C$18.73, with a volume of 27,995 shares changing hands.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their price objective on Dream Unlimited from C$27.00 to C$30.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th.

Dream Unlimited Stock Down 1.9 %

The firm has a 50-day moving average of C$18.95 and a 200 day moving average of C$20.62. The stock has a market capitalization of C$760.81 million, a price-to-earnings ratio of -5.64 and a beta of 1.34. The company has a current ratio of 1.90, a quick ratio of 0.67 and a debt-to-equity ratio of 133.32.

Dream Unlimited (TSE:DRM) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter. The business had revenue of C$158.25 million for the quarter. Dream Unlimited had a negative return on equity of 9.51% and a negative net margin of 30.05%. On average, sell-side analysts anticipate that Dream Unlimited Corp. will post 1.8211921 earnings per share for the current year.

Dream Unlimited Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.20%. The ex-dividend date is Friday, June 14th. Dream Unlimited’s dividend payout ratio is presently -18.07%.

Dream Unlimited Company Profile

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.