TD Issues Positive Forecast for Dream Unlimited (TSE:DRM) Stock Price

Dream Unlimited (TSE:DRM) had its price objective lifted by TD from C$29.00 to C$30.00 in a research report released on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, TD Securities increased their target price on Dream Unlimited from C$28.00 to C$29.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Dream Unlimited presently has a consensus rating of “Buy” and a consensus target price of C$29.50.

Dream Unlimited Price Performance

Shares of DRM stock opened at C$19.97 on Friday. The company has a quick ratio of 0.67, a current ratio of 184.85 and a debt-to-equity ratio of 138.83. Dream Unlimited has a twelve month low of C$17.00 and a twelve month high of C$23.36. The company has a market cap of C$837.66 million, a P/E ratio of -55.47 and a beta of 1.48. The business has a fifty day simple moving average of C$18.83 and a 200 day simple moving average of C$19.18.

Dream Unlimited (TSE:DRM) last posted its earnings results on Wednesday, May 13th. The company reported C($0.11) EPS for the quarter. The firm had revenue of C$67.43 million during the quarter. Dream Unlimited had a negative net margin of 3.32% and a negative return on equity of 1.06%. On average, sell-side analysts forecast that Dream Unlimited 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. Investors of record on Tuesday, March 31st were paid a dividend of $0.175 per share. This is an increase from Dream Unlimited’s previous quarterly dividend of $0.16. This represents a $0.70 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, March 13th. Dream Unlimited’s payout ratio is -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.