Dream Unlimited (TSE:DRM) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Dream Unlimited Corp. (TSE:DRM)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.17 and traded as low as C$18.30. Dream Unlimited shares last traded at C$18.32, with a volume of 17,670 shares changing hands.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their price objective on shares of Dream Unlimited from C$28.00 to C$29.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Dream Unlimited has a consensus rating of “Buy” and an average target price of C$29.00.

Dream Unlimited Price Performance

The stock’s 50 day moving average price is C$18.81 and its 200-day moving average price is C$19.17. The company has a quick ratio of 0.67, a current ratio of 184.85 and a debt-to-equity ratio of 138.83. The stock has a market capitalization of C$767.61 million, a PE ratio of -50.83 and a beta of 1.48.

Dream Unlimited (TSE:DRM) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C($0.11) EPS for the quarter. The company had revenue of C$67.43 million during the quarter. Dream Unlimited had a negative return on equity of 1.06% and a negative net margin of 3.32%. As a group, equities analysts forecast that Dream Unlimited Corp. will post 1.9481391 EPS for the current year.

Dream Unlimited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.175 dividend. The ex-dividend date was Friday, March 13th. This is a boost from Dream Unlimited’s previous quarterly dividend of $0.16. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.8%. Dream Unlimited’s dividend payout ratio (DPR) is currently -184.03%.

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.