Dream Unlimited (TSE:DRM) Share Price Breaks Above Fifty Day Moving Average – Should You Sell?

Dream Unlimited Corp. (TSE:DRM)’s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$17.27 and traded as high as C$17.47. Dream Unlimited shares last traded at C$17.41, with a volume of 28,315 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DRM. Scotiabank raised Dream Unlimited to a “strong-buy” rating in a research report on Thursday, September 10th. Scotia set a C$25.00 target price on Dream Unlimited and gave the company a “sector outperform” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$28.00.

Dream Unlimited Trading Up 1.2%

The company has a market cap of C$730.23 million, a price-to-earnings ratio of 82.90 and a beta of 1.37. The company has a current ratio of 209.05, a quick ratio of 0.67 and a debt-to-equity ratio of 145.27. The firm’s 50-day moving average price is C$17.27 and its 200 day moving average price is C$18.96.

Dream Unlimited (TSE:DRM) last released its quarterly earnings data on Tuesday, August 11th. The company reported C($0.02) earnings per share for the quarter. Dream Unlimited had a net margin of 1.87% and a return on equity of 0.61%. The company had revenue of C$0.07 million during the quarter. As a group, equities analysts expect that Dream Unlimited Corp. will post 1.95 EPS for the current year.

Dream Unlimited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were issued a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, September 15th. Dream Unlimited’s dividend payout ratio (DPR) is presently 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.