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

Key Points

• Shares fell below their 200‑day moving average: Dream Unlimited traded as low as C$18.14 and last at C$18.27 versus a 200‑day MA of C$19.13, on volume of 41,938 shares.
• Analyst support remains: TD Securities raised its price target to C$29 and kept a "buy" rating, and the consensus analyst rating is "Buy" with an average target of C$29.
• Dividend was increased: Dream Unlimited raised its quarterly dividend to C$0.175 (C$0.70 annualized) for a yield of ~3.8%, despite a reported payout ratio of -147.73%.

Dream Unlimited Corp. (TSE:DRM - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$19.13 and traded as low as C$18.14. Dream Unlimited shares last traded at C$18.27, with a volume of 41,938 shares changing hands.

Analyst Upgrades and Downgrades

Separately, TD Securities raised their price objective on Dream Unlimited from C$28.00 to C$29.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$29.00.

Dream Unlimited Stock Performance

The company has a 50-day moving average price of C$19.60 and a two-hundred day moving average price of C$19.13. The company has a current ratio of 139.03, a quick ratio of 0.67 and a debt-to-equity ratio of 132.04. The stock has a market capitalization of C$767.19 million, a P/E ratio of -41.52 and a beta of 1.47.

Dream Unlimited (TSE:DRM - Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported C$0.69 EPS for the quarter. Dream Unlimited had a negative return on equity of 1.28% and a negative net margin of 4.03%.The business had revenue of C$202.81 million during the quarter. On average, equities analysts forecast that Dream Unlimited Corp. will post 1.9481391 earnings per share for the current year.

Dream Unlimited Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Dream Unlimited's previous quarterly dividend of $0.16. Dream Unlimited's dividend payout ratio is presently -147.73%.

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.

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