Dream Unlimited (TSE:DRM) Price Target Increased to C$30.00 by Analysts at TD Securities

Dream Unlimited (TSE:DRM) had its price target boosted by TD Securities from C$27.00 to C$30.00 in a report issued on Tuesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Dream Unlimited Price Performance

TSE DRM opened at C$18.00 on Tuesday. Dream Unlimited has a 1 year low of C$16.53 and a 1 year high of C$25.24. The company has a fifty day simple moving average of C$19.45 and a 200 day simple moving average of C$20.51. The company has a current ratio of 2.57, a quick ratio of 0.67 and a debt-to-equity ratio of 129.84. The company has a market cap of C$729.36 million, a P/E ratio of -6.57 and a beta of 1.33.

Dream Unlimited (TSE:DRM) last released its earnings results on Wednesday, February 21st. The company reported C($1.91) earnings per share for the quarter. Dream Unlimited had a negative return on equity of 7.92% and a negative net margin of 30.26%. The firm had revenue of C$107.86 million for the quarter. On average, sell-side analysts predict that Dream Unlimited will post 2.0897868 EPS for the current year.

Dream Unlimited Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.15 per share. This is an increase from Dream Unlimited’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 3.33%. Dream Unlimited’s dividend payout ratio is presently -21.90%.

Insider Buying and Selling at Dream Unlimited

In other news, Director Jane Gavan sold 19,528 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$20.78, for a total transaction of C$405,791.84. Insiders own 45.82% of the company’s stock.

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.