Dream Unlimited (TSE:DRM) Reaches New 1-Year Low – Time to Sell?

Dream Unlimited Corp. (TSE:DRM) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$16.97 and last traded at C$17.04, with a volume of 29461 shares. The stock had previously closed at C$17.28.

Analyst Ratings Changes

DRM has been the topic of several recent research reports. Scotia set a C$25.00 target price on shares of Dream Unlimited and gave the company a “sector outperform” rating in a report on Thursday, September 10th. Scotiabank raised Dream Unlimited to a “strong-buy” rating in a research note on Thursday, September 10th. Finally, TD lifted their price objective on Dream Unlimited from C$29.00 to C$30.00 and gave the stock a “buy” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$28.00.

Dream Unlimited Trading Down 0.9%

The company has a debt-to-equity ratio of 145.27, a current ratio of 209.05 and a quick ratio of 0.67. The stock’s 50 day moving average is C$18.87 and its 200-day moving average is C$19.13. The company has a market capitalization of C$718.06 million, a P/E ratio of 81.52 and a beta of 1.44.

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 net margin of 1.87% and a return on equity of 0.61%. The firm had revenue of C$0.07 million for the quarter. As a group, equities research analysts anticipate that Dream Unlimited Corp. will post 1.9481391 earnings per share for the current year.

Dream Unlimited Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, September 15th. Dream Unlimited’s dividend payout ratio is 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.