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

Dream Unlimited Corp. (TSE:DRM)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$18.72 and traded as high as C$19.43. Dream Unlimited shares last traded at C$19.26, with a volume of 44,432 shares trading hands.

Analyst Upgrades and Downgrades

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

Dream Unlimited Trading Down 0.9%

The stock has a market capitalization of C$812.62 million, a P/E ratio of 10.58 and a beta of 1.31. The stock’s 50 day moving average price is C$18.72 and its 200-day moving average price is C$19.73. The company has a quick ratio of 0.67, a current ratio of 5.58 and a debt-to-equity ratio of 135.03.

Dream Unlimited (TSE:DRM) last issued its quarterly earnings data on Wednesday, November 12th. The company reported C($0.35) EPS for the quarter. The business had revenue of C$114.58 million during the quarter. Dream Unlimited had a negative return on equity of 1.59% and a negative net margin of 4.18%. As a group, equities research analysts expect that Dream Unlimited Corp. will post 1.9481391 earnings per share for the current year.

Dream Unlimited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.1625 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.65 dividend on an annualized basis and a yield of 3.4%. Dream Unlimited’s dividend payout ratio (DPR) is presently 35.03%.

Dream Unlimited Company Profile

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.