Dream Unlimited (TSE:DRM) Hits New 52-Week Low - Should You Sell?

Key Points

• Dream Unlimited shares fell to a new 52-week low of C$16.97 and were last trading at C$17.04, below both their 50-day and 200-day moving averages.
• Despite the decline, analysts remain bullish: the stock has an average “Buy” rating and a C$28.00 price target, substantially above its recent trading price.
• The company declared a quarterly dividend of $0.175 per share, equivalent to a 4.1% annualized yield, although its payout ratio is high at 321.43%.

Dream Unlimited Corp. (TSE:DRM - Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as C$16.97 and last traded at C$17.04, with a volume of 29461 shares changing hands. The stock had previously closed at C$17.28.

Analysts Set New Price Targets

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

Dream Unlimited Stock Down 0.9%

The stock has a 50 day moving average of C$18.87 and a 200-day moving average of C$19.13. The firm has a market capitalization of C$718.06 million, a P/E ratio of 81.52 and a beta of 1.44. The company has a debt-to-equity ratio of 145.27, a quick ratio of 0.67 and a current ratio of 209.05.

Dream Unlimited (TSE:DRM - Get Free Report) last posted its earnings results 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 business had revenue of C$0.07 million during the quarter. Research analysts predict that Dream Unlimited Corp. will post 1.9481391 earnings per share for the current fiscal year.

Dream Unlimited Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.175 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.70 annualized dividend and a dividend yield of 4.1%. Dream Unlimited's dividend payout ratio is currently 321.43%.

About Dream Unlimited

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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