Dream Unlimited (TSE:DRM) Share Price Breaks Above Fifty Day Moving Average - Should You Sell?

Key Points

• Dream Unlimited shares rose above their C$17.27 50-day moving average, trading as high as C$17.47 and last at C$17.41; the price remains below its C$18.96 200-day average.
• Analysts’ average rating is Buy, with a consensus price target of C$28.00; Scotiabank recently upgraded the stock to Strong Buy and Scotia set a C$25 target.
• The company pays an annualized C$0.70 dividend, yielding about 4.0%, but its reported payout ratio is 321.43%. It reported a quarterly loss of C$0.02 per share.

Dream Unlimited Corp. (TSE:DRM - Get Free Report)'s share price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$17.27 and traded as high as C$17.47. Dream Unlimited shares last traded at C$17.41, with a volume of 28,315 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Scotiabank raised Dream Unlimited to a "strong-buy" rating in a research note on Thursday, September 10th. Scotia set a C$25.00 price objective on shares of Dream Unlimited and gave the company a "sector outperform" rating in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$28.00.

Dream Unlimited Trading Up 1.2%

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 company has a market cap of C$730.23 million, a price-to-earnings ratio of 82.90 and a beta of 1.37. The business's fifty day moving average price is C$17.27 and its 200 day moving average price is C$18.96.

Dream Unlimited (TSE:DRM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$0.07 million during the quarter. Dream Unlimited had a net margin of 1.87% and a return on equity of 0.61%. Research analysts anticipate that Dream Unlimited Corp. will post 1.95 earnings per share for the current fiscal year.

Dream Unlimited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were given a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 15th. Dream Unlimited's payout ratio is 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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