Dream Unlimited (TSE:DRM) Hits New 1-Year Low - Here's Why

Key Points

• Dream Unlimited shares hit a new 52-week low, falling to C$16.87 from the previous close of C$17.14.
• Despite the decline, analysts remain bullish: the stock has a consensus “Buy” rating and a C$28.00 price target, well above its recent trading level.
• The company declared a quarterly dividend of C$0.175, or C$0.70 annualized, implying a 4.1% yield; however, its payout ratio is elevated at 321.43%.

Dream Unlimited Corp. (TSE:DRM - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as C$16.87 and last traded at C$16.87, with a volume of 3449 shares changing hands. The stock had previously closed at C$17.14.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Scotia set a C$25.00 price objective on Dream Unlimited and gave the company a "sector outperform" rating in a research note on Thursday, September 10th. Scotiabank raised shares of Dream Unlimited to a "strong-buy" rating in a report on Thursday, September 10th. Finally, TD increased their target price on shares of Dream Unlimited from C$29.00 to C$30.00 and gave the company a "buy" rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$28.00.

Dream Unlimited Stock Performance

The company has a debt-to-equity ratio of 145.27, a current ratio of 209.05 and a quick ratio of 0.67. The stock has a market cap of C$709.26 million, a price-to-earnings ratio of 80.52 and a beta of 1.44. The firm has a fifty day moving average of C$18.71 and a 200 day moving average of C$19.01.

Dream Unlimited (TSE:DRM - Get Free Report) 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 return on equity of 0.61% and a net margin of 1.87%.The company had revenue of C$0.07 million for the quarter. As a group, sell-side analysts forecast that Dream Unlimited Corp. will post 1.9481391 EPS for the current year.

Dream Unlimited Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.1%. Dream Unlimited's dividend payout ratio is currently 321.43%.

Dream Unlimited Company Profile

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.

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