Dream Unlimited (TSE:DRM) Upgraded to Strong-Buy at Scotiabank

Scotiabank upgraded shares of Dream Unlimited (TSE:DRM) to a strong-buy rating in a research note issued to investors on Thursday,Zacks reports.

Several other equities analysts also recently issued reports on DRM. TD upped their price objective on shares of Dream Unlimited from C$29.00 to C$30.00 and gave the company a “buy” rating in a report on Friday, June 5th. Scotia set a C$25.00 price objective on Dream Unlimited and gave the company a “sector outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$28.00.

Dream Unlimited Price Performance

TSE DRM opened at C$17.95 on Thursday. The firm’s fifty day simple moving average is C$19.02 and its two-hundred day simple moving average is C$19.27. The firm has a market capitalization of C$752.88 million, a P/E 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. 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 posted its quarterly earnings data on Tuesday, August 11th. The company reported C($0.02) earnings per share for the quarter. Dream Unlimited had a return on equity of 0.61% and a net margin of 1.87%.The business had revenue of C$0.07 million during the quarter. Analysts forecast that Dream Unlimited will post 1.9481391 EPS for the current fiscal year.

Dream Unlimited Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Dream Unlimited’s dividend payout ratio is currently 321.43%.

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.