Dream Unlimited (TSE:DRM) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Dream Unlimited Corp. (TSE:DRM) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$18.53 and traded as high as C$20.28. Dream Unlimited shares last traded at C$20.19, with a volume of 46,702 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities boosted their price target on Dream Unlimited from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$28.00.

Dream Unlimited Stock Down 1.2%

The company has a market cap of C$851.86 million, a price-to-earnings ratio of 11.09 and a beta of 1.31. The business has a 50-day simple moving average of C$18.53 and a two-hundred day simple moving average of C$19.80. The company has a quick ratio of 0.67, a current ratio of 5.58 and a debt-to-equity ratio of 135.03.

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

Dream Unlimited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a $0.1625 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.2%. Dream Unlimited’s dividend payout ratio (DPR) is currently 35.03%.

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.