Dream Unlimited (TSE:DRM) Shares Pass Below 200 Day Moving Average of $20.56

Dream Unlimited Corp. (TSE:DRM) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$20.56 and traded as low as C$19.36. Dream Unlimited shares last traded at C$19.36, with a volume of 13,443 shares.

Analysts Set New Price Targets

Separately, TD Securities increased their target price on Dream Unlimited from C$27.00 to C$30.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th.

Dream Unlimited Stock Performance

The firm’s 50 day moving average price is C$19.12 and its 200-day moving average price is C$20.56. The firm has a market cap of C$786.40 million, a price-to-earnings ratio of -5.83 and a beta of 1.34. The company has a debt-to-equity ratio of 133.32, a current ratio of 1.90 and a quick ratio of 0.67.

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. Dream Unlimited had a negative net margin of 30.05% and a negative return on equity of 9.51%. The company had revenue of C$158.25 million for the quarter. On average, analysts anticipate that Dream Unlimited Corp. will post 1.8211921 earnings per share for the current year.

Dream Unlimited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, June 14th. This represents a $0.60 annualized dividend and a yield of 3.10%. Dream Unlimited’s dividend payout ratio is -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.