Dream Unlimited (TSE:DRM) Reaches New 12-Month Low – Here’s What Happened

Dream Unlimited Corp. (TSE:DRM)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$16.64 and last traded at C$16.64, with a volume of 1128 shares changing hands. The stock had previously closed at C$16.74.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotia set a C$25.00 price target 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 research report on Thursday, September 10th. Finally, TD lifted 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 note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$28.00.

Dream Unlimited Stock Performance

The stock has a market cap of C$699.19 million, a price-to-earnings ratio of 79.38 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. The stock’s 50-day simple moving average is C$18.52 and its two-hundred day simple moving average is C$18.91.

Dream Unlimited (TSE:DRM) last released its quarterly earnings results on Tuesday, August 11th. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$0.07 million for the quarter. Dream Unlimited had a net margin of 1.87% and a return on equity of 0.61%. Analysts forecast that Dream Unlimited Corp. will post 1.9481391 earnings per share for the current year.

Dream Unlimited Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.1750 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.70 annualized dividend and a yield of 4.2%. Dream Unlimited’s dividend payout ratio is presently 321.43%.

About Dream Unlimited

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.