TD Securities Issues Positive Forecast for Dream Unlimited (TSE:DRM) Stock Price

Dream Unlimited (TSE:DRM) had its target price lifted by TD Securities from C$28.00 to C$29.00 in a report published on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Dream Unlimited Stock Up 3.3%

DRM stock opened at C$22.13 on Wednesday. The company has a current ratio of 5.58, a quick ratio of 0.67 and a debt-to-equity ratio of 135.03. The company’s 50 day moving average is C$19.88 and its 200 day moving average is C$19.58. The stock has a market cap of C$933.71 million, a price-to-earnings ratio of 12.16 and a beta of 1.25. Dream Unlimited has a 1-year low of C$16.60 and a 1-year high of C$23.36.

Dream Unlimited (TSE:DRM) last announced its earnings results on Tuesday, February 24th. The company reported C$0.69 earnings per share (EPS) for the quarter. The business had revenue of C$202.81 million during the quarter. Dream Unlimited had a negative net margin of 4.18% and a negative return on equity of 1.59%. Sell-side analysts predict that Dream Unlimited will post 1.9481391 EPS for the current fiscal year.

Dream Unlimited Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, December 15th. Dream Unlimited’s dividend payout ratio 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.