Dream Unlimited (TSE:DRM) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Dream Unlimited Corp. (TSE:DRM) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$19.01 and traded as high as C$20.19. Dream Unlimited shares last traded at C$19.69, with a volume of 26,410 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on DRM shares. TD Securities upped their price objective on Dream Unlimited from C$28.00 to C$29.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. TD boosted 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. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$29.50.

Dream Unlimited Stock Performance

The stock’s 50-day moving average is C$19.01 and its 200-day moving average is C$19.25. The company has a current ratio of 184.85, a quick ratio of 0.67 and a debt-to-equity ratio of 138.83. The stock has a market cap of C$825.92 million, a price-to-earnings ratio of -54.69 and a beta of 1.48.

Dream Unlimited (TSE:DRM) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C($0.11) earnings per share for the quarter. Dream Unlimited had a negative net margin of 3.32% and a negative return on equity of 1.06%. The business had revenue of C$67.43 million for the quarter. On average, analysts expect that Dream Unlimited Corp. will post 1.9481391 EPS for the current year.

Dream Unlimited Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, June 15th. Dream Unlimited’s dividend payout ratio (DPR) is currently -184.03%.

About Dream Unlimited

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.