Dream Unlimited (TSE:DRM) Posts Earnings Results

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

Dream Unlimited Price Performance

Dream Unlimited stock opened at C$19.27 on Wednesday. The stock has a 50-day moving average price of C$19.53 and a two-hundred day moving average price of C$19.52. Dream Unlimited has a 12 month low of C$17.00 and a 12 month high of C$22.66. 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 company has a market capitalization of C$808.30 million, a PE ratio of -53.53 and a beta of 1.45.

Dream Unlimited Announces Dividend

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

Analyst Upgrades and Downgrades

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

Dream Unlimited Company Profile

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.