Dream Unlimited Corp. (TSE:DRM - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.58 and traded as low as C$19.61. Dream Unlimited shares last traded at C$20.03, with a volume of 19,284 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, TD Securities cut their price objective on Dream Unlimited from C$28.00 to C$27.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd.
View Our Latest Report on DRM
Dream Unlimited Trading Up 1.1%
The firm has a 50-day moving average of C$18.42 and a 200 day moving average of C$20.58. The company has a market cap of C$823.64 million, a P/E ratio of -37.85 and a beta of 1.39. The company has a current ratio of 5.58, a quick ratio of 0.67 and a debt-to-equity ratio of 135.03.
Dream Unlimited Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.21%. This is a boost from Dream Unlimited's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 14th. Dream Unlimited's dividend payout ratio is presently -112.10%.
Insider Transactions at Dream Unlimited
In other Dream Unlimited news, Director Jennifer Koss sold 3,076 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$18.64, for a total value of C$57,336.64. Also, Director Jane Gavan sold 8,355 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of C$19.84, for a total value of C$165,763.20. Insiders own 47.16% of the company's stock.
About Dream Unlimited
(
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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.
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