Dream Unlimited (TSE:DRM) Reaches New 52-Week Low – Here’s What Happened

Dream Unlimited Corp. (TSE:DRM) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$16.02 and last traded at C$16.27, with a volume of 24857 shares trading hands. The stock had previously closed at C$16.28.

Analyst Upgrades and Downgrades

DRM has been the topic of several research reports. Scotiabank raised shares of Dream Unlimited to a “strong-buy” rating in a research note on Thursday, September 10th. 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. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, Dream Unlimited presently has a consensus rating of “Buy” and a consensus price target of C$28.00.

Dream Unlimited Price Performance

The firm has a fifty day moving average price of C$18.14 and a two-hundred day moving average price of C$18.78. The company has a quick ratio of 0.67, a current ratio of 209.05 and a debt-to-equity ratio of 145.27. The stock has a market capitalization of C$695.41 million, a P/E ratio of 78.95 and a beta of 1.40.

Dream Unlimited (TSE:DRM) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C($0.02) earnings per share (EPS) for the quarter. Dream Unlimited had a return on equity of 0.61% and a net margin of 1.87%.The firm had revenue of C$0.07 million during the quarter. On average, analysts expect that Dream Unlimited Corp. will post 1.9481391 EPS for the current year.

Dream Unlimited Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th were paid a $0.1750 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Tuesday, September 15th. Dream Unlimited’s dividend payout ratio is currently 321.43%.

About Dream Unlimited

Dream is a leading real estate developer and has an established and successful asset management business, inclusive of $28 billion of assets under management (1) across three Toronto Stock Exchange (‘TSX’) listed trusts, our private asset management business and numerous partnerships. We develop land and housing in our master planned communities in Western Canada and hold a growing portfolio of income generating properties across Canada. Dream expects this area of our business to grow as investment properties under construction are completed and held for the long-term.