Dream Unlimited Corp. (DRM) To Go Ex-Dividend on September 15th

Dream Unlimited Corp. (TSE:DRM) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be given a dividend of 0.175 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Dream Unlimited Stock Performance

Dream Unlimited stock traded up C$0.46 during trading hours on Friday, reaching C$17.95. 57,250 shares of the company were exchanged, compared to its average volume of 35,495. The firm has a market cap of C$752.88 million, a price-to-earnings ratio of 85.48 and a beta of 1.44. The company has a current ratio of 209.05, a quick ratio of 0.67 and a debt-to-equity ratio of 145.27. The stock has a 50-day moving average of C$19.02 and a 200 day moving average of C$19.27. Dream Unlimited has a 12 month low of C$17.00 and a 12 month high of C$22.66.

Dream Unlimited (TSE:DRM) last released its quarterly earnings results on Tuesday, August 11th. The company reported C($0.02) EPS for the quarter. Dream Unlimited had a net margin of 1.87% and a return on equity of 0.61%. The firm had revenue of C$0.07 million during the quarter. As a group, research analysts anticipate that Dream Unlimited will post 1.9481391 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on DRM. Scotiabank upgraded shares of Dream Unlimited to a “strong-buy” rating in a report on Thursday. Scotia set a C$25.00 price target on shares of Dream Unlimited and gave the company a “sector outperform” rating in a report on Thursday. Finally, TD raised their price target on Dream Unlimited from C$29.00 to C$30.00 and gave the company a “buy” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$28.00.

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.