Dream Unlimited (TSE:DRM) Price Target Raised to C$29.00

Dream Unlimited (TSE:DRM) had its price target increased by TD Securities from C$28.00 to C$29.00 in a report released on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Dream Unlimited Stock Performance

TSE:DRM opened at C$22.22 on Wednesday. The firm has a market capitalization of C$937.51 million, a PE ratio of 12.21 and a beta of 1.25. The stock’s fifty day moving average is C$19.99 and its 200 day moving average is C$19.60. Dream Unlimited has a fifty-two week low of C$16.60 and a fifty-two week high of C$23.36. The company has a debt-to-equity ratio of 135.03, a quick ratio of 0.67 and a current ratio of 5.58.

Dream Unlimited (TSE:DRM) last announced its earnings results on Tuesday, February 24th. The company reported C$0.69 earnings per share (EPS) for the quarter. Dream Unlimited had a negative return on equity of 1.59% and a negative net margin of 4.18%.The business had revenue of C$202.81 million during the quarter. On average, sell-side analysts anticipate that Dream Unlimited will post 1.9481391 earnings per share for the current year.

Dream Unlimited Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a dividend of $0.1625 per share. The ex-dividend date was Monday, December 15th. This represents a $0.65 dividend on an annualized basis and a yield of 2.9%. Dream Unlimited’s dividend payout ratio (DPR) is presently 35.03%.

Dream Unlimited Company Profile

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.