Dream Unlimited (TSE:DRM) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Dream Unlimited Corp. (TSE:DRM)’s share price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$18.69 and traded as low as C$17.13. Dream Unlimited shares last traded at C$17.55, with a volume of 78,789 shares traded.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Scotia set a C$25.00 price target on shares of Dream Unlimited and gave the stock 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. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Dream Unlimited currently has a consensus rating of “Buy” and an average price target of C$28.00.

Dream Unlimited Stock Performance

The company has a quick ratio of 0.67, a current ratio of 209.05 and a debt-to-equity ratio of 145.27. The company has a market cap of C$697.93 million, a P/E ratio of 79.24 and a beta of 1.40. The business has a fifty day simple moving average of C$17.57 and a two-hundred day simple moving average of C$18.68.

Dream Unlimited (TSE:DRM) last issued its earnings results on Tuesday, August 11th. The company reported C($0.02) earnings per share for the quarter. Dream Unlimited had a return on equity of 0.61% and a net margin of 1.87%. The firm had revenue of C$0.07 million during the quarter. On average, sell-side analysts anticipate that Dream Unlimited Corp. will post 1.95 EPS for the current year.

Dream Unlimited Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Dream Unlimited’s dividend payout ratio is 321.43%.

Dream Unlimited Company Profile

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.