Dream Unlimited (TSE:DRM - Free Report) had its price target boosted by TD Securities from C$27.00 to C$30.00 in a research note published on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Dream Unlimited Stock Up 0.5 %
TSE DRM traded up C$0.09 during trading on Tuesday, hitting C$18.00. The stock had a trading volume of 40,012 shares, compared to its average volume of 28,733. The company has a market capitalization of C$729.36 million, a PE ratio of -6.56 and a beta of 1.33. Dream Unlimited has a 12 month low of C$16.53 and a 12 month high of C$25.24. The company's 50-day moving average price is C$19.51 and its two-hundred day moving average price is C$20.52. The company has a debt-to-equity ratio of 129.84, a quick ratio of 0.67 and a current ratio of 2.57.
Dream Unlimited (TSE:DRM - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported C($1.91) EPS for the quarter. Dream Unlimited had a negative return on equity of 7.92% and a negative net margin of 30.26%. The business had revenue of C$107.86 million for the quarter. As a group, sell-side analysts forecast that Dream Unlimited will post 2.0897868 EPS for the current year.
Dream Unlimited Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.33%. This is a boost from Dream Unlimited's previous quarterly dividend of $0.13. Dream Unlimited's dividend payout ratio is currently -21.90%.
Insider Activity
In other news, Director Jane Gavan sold 19,528 shares of Dream Unlimited stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$20.78, for a total value of C$405,791.84. 45.82% of the stock is currently owned by insiders.
About Dream Unlimited
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Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.
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