Dream Unlimited (TSE:DRM) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Dream Unlimited Corp. (TSE:DRM)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.17 and traded as low as C$18.30. Dream Unlimited shares last traded at C$18.32, with a volume of 17,670 shares changing hands.

Analysts Set New Price Targets

Separately, TD Securities lifted their target price on Dream Unlimited from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$29.00.

Dream Unlimited Stock Performance

The firm has a market capitalization of C$768.45 million, a PE ratio of -50.89 and a beta of 1.47. The company has a debt-to-equity ratio of 138.83, a current ratio of 184.85 and a quick ratio of 0.67. The stock has a 50-day moving average price of C$18.81 and a 200-day moving average price of C$19.17.

Dream Unlimited (TSE:DRM) last announced its earnings results on Wednesday, May 13th. The company reported C($0.11) earnings per share (EPS) for the quarter. Dream Unlimited had a negative return on equity of 1.06% and a negative net margin of 3.32%.The business had revenue of C$67.43 million for the quarter. On average, research analysts expect that Dream Unlimited Corp. will post 1.9481391 EPS 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 given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Dream Unlimited’s previous quarterly dividend of $0.16. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.8%. Dream Unlimited’s dividend payout ratio is presently -184.03%.

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.