Dream Unlimited (TSE:DRM) Posts Earnings Results

Dream Unlimited (TSE:DRM) released its quarterly earnings data on Tuesday. The company reported C($0.02) EPS for the quarter, FiscalAI reports. Dream Unlimited had a negative net margin of 3.32% and a negative return on equity of 1.06%. The company had revenue of C$0.07 million during the quarter.

Dream Unlimited Stock Performance

TSE:DRM traded up C$0.16 on Tuesday, hitting C$19.27. The company’s stock had a trading volume of 22,159 shares, compared to its average volume of 34,951. The company has a current ratio of 184.85, a quick ratio of 0.67 and a debt-to-equity ratio of 138.83. The stock has a fifty day moving average of C$19.52 and a two-hundred day moving average of C$19.52. The firm has a market capitalization of C$808.30 million, a P/E ratio of -53.53 and a beta of 1.45. Dream Unlimited has a one year low of C$17.00 and a one year high of C$22.66.

Dream Unlimited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 15th. Dream Unlimited’s payout ratio is -184.03%.

Wall Street Analyst Weigh In

Separately, TD boosted their target price on shares of Dream Unlimited from C$29.00 to C$30.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Dream Unlimited currently has an average rating of “Buy” and a consensus price target of C$29.50.

About Dream Unlimited

DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.