Scotia Reiterates “C$25.00” Price Target for Dream Unlimited (TSE:DRM)

Scotia set a C$25.00 target price on Dream Unlimited (TSE:DRM) in a research note issued to investors on Thursday morning,BayStreet reports. The brokerage currently has a sector outperform rating on the stock.

Separately, TD upped their target price on Dream Unlimited from C$29.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$28.00.

Dream Unlimited Price Performance

Shares of TSE:DRM opened at C$17.95 on Thursday. The firm has a 50 day moving average of C$19.02 and a 200-day moving average of C$19.27. The stock has a market capitalization of C$752.88 million, a PE 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 issued its quarterly earnings results on Tuesday, August 11th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$0.07 million for the quarter. Dream Unlimited had a return on equity of 0.61% and a net margin of 1.87%. On average, equities research analysts predict that Dream Unlimited will post 1.9481391 EPS for the current fiscal year.

Dream Unlimited Dividend Announcement

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

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.