Dream Unlimited (TSE:DRM) Stock Gets Price Target Bump from TD

Dream Unlimited (TSE:DRM) had its price target raised by equities research analysts at TD from C$25.00 to C$26.00 in a report released on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s price target would indicate a potential upside of 34.99% from the company’s current price.

Several other equities research analysts have also recently weighed in on DRM. Scotia set a C$25.00 target price on Dream Unlimited and gave the stock a “sector outperform” rating in a research note on Thursday, September 10th. Scotiabank upgraded shares of Dream Unlimited to a “strong-buy” rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$26.67.

Dream Unlimited Stock Up 8.7%

Shares of Dream Unlimited stock traded up C$1.54 during trading on Thursday, hitting C$19.26. 124,216 shares of the stock were exchanged, compared to its average volume of 37,432. The stock has a market cap of C$807.82 million, a price-to-earnings ratio of 91.71 and a beta of 1.37. The firm’s 50-day moving average price is C$17.20 and its 200 day moving average price is C$18.89. Dream Unlimited has a 12-month low of C$16.02 and a 12-month high of C$22.66. The company has a debt-to-equity ratio of 145.27, a current ratio of 209.05 and a quick ratio of 0.67.

Dream Unlimited (TSE:DRM) last issued its earnings results on Wednesday, November 11th. The company reported C$0.22 EPS for the quarter. Dream Unlimited had a net margin of 1.87% and a return on equity of 0.61%. The firm had revenue of C$112.19 million during the quarter. As a group, analysts forecast that Dream Unlimited will post 1.95 earnings per share for the current fiscal year.

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.