Dream Unlimited (TSE:DRM) Announces Quarterly Earnings Results

Dream Unlimited (TSE:DRM) issued its quarterly earnings data on Wednesday. The company reported C($0.11) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$67.43 million for the quarter. Dream Unlimited had a negative return on equity of 1.28% and a negative net margin of 4.03%.

Dream Unlimited Trading Up 0.3%

Shares of TSE:DRM traded up C$0.05 during midday trading on Friday, reaching C$18.37. The company’s stock had a trading volume of 25,009 shares, compared to its average volume of 35,811. The firm has a market cap of C$771.39 million, a price-to-earnings ratio of -41.75 and a beta of 1.47. The company has a quick ratio of 0.67, a current ratio of 139.03 and a debt-to-equity ratio of 132.04. Dream Unlimited has a 1 year low of C$17.00 and a 1 year high of C$23.36. The business has a 50 day moving average price of C$19.20 and a 200 day moving average price of C$19.15.

Dream Unlimited Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.175 dividend. This is an increase from Dream Unlimited’s previous quarterly dividend of $0.16. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, March 13th. Dream Unlimited’s dividend payout ratio (DPR) is presently -147.73%.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their price objective on Dream Unlimited from C$28.00 to C$29.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$29.00.

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.