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

Dream Unlimited Corp. (TSE:DRM) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$25.27 and traded as low as C$22.21. Dream Unlimited shares last traded at C$22.37, with a volume of 31,900 shares traded.

Analyst Ratings Changes

Separately, TD Securities upped their price objective on Dream Unlimited from C$33.00 to C$35.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th.

Dream Unlimited Price Performance

The company has a quick ratio of 0.67, a current ratio of 1.45 and a debt-to-equity ratio of 129.72. The company has a market capitalization of C$905.09 million, a PE ratio of -203.36 and a beta of 1.39. The firm’s 50 day simple moving average is C$27.48 and its 200 day simple moving average is C$25.30.

Dream Unlimited Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.68%. Dream Unlimited’s dividend payout ratio is presently -545.45%.

Insider Buying and Selling

In related news, Director Jennifer Koss sold 40,038 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$25.51, for a total transaction of C$1,021,369.38. 47.16% of the stock is currently owned by corporate insiders.

About Dream Unlimited

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.