Dream Unlimited (TSE:DRM) Price Target Increased to C$35.00 by Analysts at TD Securities

Dream Unlimited (TSE:DRM) had its target price boosted by TD Securities from C$33.00 to C$35.00 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Dream Unlimited Stock Performance

TSE:DRM opened at C$26.67 on Wednesday. The stock has a market cap of C$1.08 billion, a P/E ratio of -242.45 and a beta of 1.35. The company has a quick ratio of 0.67, a current ratio of 1.45 and a debt-to-equity ratio of 129.72. The business’s 50-day moving average price is C$23.01 and its two-hundred day moving average price is C$20.61. Dream Unlimited has a twelve month low of C$16.53 and a twelve month high of C$27.93.

Dream Unlimited (TSE:DRM) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$1.47 earnings per share (EPS) for the quarter. The company had revenue of C$178.27 million during the quarter. Dream Unlimited had a negative net margin of 0.64% and a negative return on equity of 0.25%. As a group, equities analysts predict that Dream Unlimited will post 2.8822246 EPS for the current fiscal year.

Dream Unlimited Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, September 13th. Dream Unlimited’s dividend payout ratio (DPR) is presently -545.45%.

About Dream Unlimited

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.