Dream Unlimited (TSE:DRM) Shares Pass Below 200-Day Moving Average – Should You Sell?

Dream Unlimited Corp. (TSE:DRM) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.67 and traded as low as C$19.64. Dream Unlimited shares last traded at C$19.73, with a volume of 78,444 shares traded.

Wall Street Analyst Weigh In

Separately, TD Securities raised their price objective on shares of 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Dream Unlimited has a consensus rating of “Buy” and a consensus target price of C$28.00.

Dream Unlimited Stock Performance

The company has a debt-to-equity ratio of 135.03, a current ratio of 5.58 and a quick ratio of 0.67. The company has a market capitalization of C$832.45 million, a PE ratio of 10.84 and a beta of 1.25. The stock has a 50-day simple moving average of C$18.98 and a 200 day simple moving average of C$19.67.

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

Dream Unlimited Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, December 15th. Dream Unlimited’s payout ratio is currently 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.