Dream Unlimited (TSE:DRM) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Dream Unlimited Corp. (TSE:DRM)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$18.72 and traded as high as C$19.43. Dream Unlimited shares last traded at C$19.26, with a volume of 44,432 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their price target on Dream Unlimited from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Dream Unlimited currently has a consensus rating of “Buy” and a consensus target price of C$28.00.

Dream Unlimited Stock Performance

The company has a quick ratio of 0.67, a current ratio of 5.58 and a debt-to-equity ratio of 135.03. The business has a 50 day moving average price of C$18.72 and a 200 day moving average price of C$19.73. The stock has a market cap of C$812.62 million, a P/E ratio of 10.58 and a beta of 1.31.

Dream Unlimited (TSE:DRM) last issued its quarterly earnings results on Wednesday, November 12th. The company reported C($0.35) earnings per share (EPS) for the quarter. The business had revenue of C$114.58 million for the quarter. Dream Unlimited had a negative return on equity of 1.59% and a negative net margin of 4.18%. As a group, sell-side analysts expect that Dream Unlimited Corp. will post 1.9481391 EPS for the current year.

Dream Unlimited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a $0.1625 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.4%. Dream Unlimited’s dividend payout ratio is presently 35.03%.

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.