Dream Unlimited (TSE:DRM) Shares Pass Below 200-Day Moving Average - Should You Sell?

Dream Unlimited Corp. (TSE:DRM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.26 and traded as low as C$18.10. Dream Unlimited shares last traded at C$18.15, with a volume of 31,285 shares changing hands.

Analyst Ratings Changes

Separately, TD Securities dropped their price target on shares of Dream Unlimited from C$33.00 to C$28.00 in a research report on Monday, April 21st.

Dream Unlimited Trading Up 0.9%

The stock has a market cap of C$742.33 million, a price-to-earnings ratio of -34.12 and a beta of 1.39. The business's fifty day simple moving average is C$19.05 and its 200 day simple moving average is C$21.99. The company has a debt-to-equity ratio of 135.03, a current ratio of 5.58 and a quick ratio of 0.67.

Dream Unlimited Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.1625 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.56%. This is a positive change from Dream Unlimited's previous quarterly dividend of $0.15. Dream Unlimited's payout ratio is currently -112.10%.

Insider Activity

In other news, Director Jennifer Koss sold 3,076 shares of the business'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 transaction of C$57,336.64. Also, Director Jane Gavan sold 8,355 shares of the firm's stock in a transaction on Friday, March 14th. The stock was 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.

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.