Dream Unlimited (TSE:DRM) Shares Cross Below 200-Day Moving Average – What’s Next?

Dream Unlimited Corp. (TSE:DRM)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$25.40 and traded as low as C$22.11. Dream Unlimited shares last traded at C$22.25, with a volume of 11,750 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their price target on shares of Dream Unlimited from C$33.00 to C$35.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Dream Unlimited Stock Performance

The stock has a market cap of C$892.14 million, a P/E ratio of -200.45 and a beta of 1.39. The stock has a fifty day simple moving average of C$26.09 and a 200-day simple moving average of C$25.40. The company has a debt-to-equity ratio of 129.72, a quick ratio of 0.67 and a current ratio of 1.45.

Dream Unlimited Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, December 13th. Dream Unlimited’s dividend payout ratio (DPR) is currently -545.45%.

Insider Activity

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

Dream Unlimited Company Profile

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.