Dream Unlimited (TSE:DRM) Shares Cross Below 200-Day Moving Average of $27.76

Dream Unlimited Corp. (TSE:DRM – Get Rating) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$27.76 and traded as low as C$25.56. Dream Unlimited shares last traded at C$26.34, with a volume of 31,260 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities reduced their target price on Dream Unlimited from C$44.00 to C$38.00 and set a “buy” rating on the stock in a research note on Thursday, October 20th.

Dream Unlimited Stock Up 2.7 %

The company has a debt-to-equity ratio of 99.56, a current ratio of 2.32 and a quick ratio of 0.67. The stock has a market capitalization of C$1.12 billion and a PE ratio of 4.06. The company has a 50 day moving average price of C$27.46 and a 200-day moving average price of C$27.76.

Dream Unlimited (TSE:DRM – Get Rating) last posted its earnings results on Thursday, November 10th. The company reported C$0.23 earnings per share (EPS) for the quarter. The business had revenue of C$55.06 million for the quarter. As a group, analysts forecast that Dream Unlimited Corp. will post 1.72 earnings per share for the current fiscal year.

Dream Unlimited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 30th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, December 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. Dream Unlimited’s dividend payout ratio is presently 6.17%.

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.