Dream Unlimited (TSE:DRM) Issues Earnings Results

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

Dream Unlimited Stock Performance

DRM opened at C$19.76 on Thursday. The business’s 50-day simple moving average is C$19.56 and its 200 day simple moving average is C$19.52. Dream Unlimited has a 52-week low of C$17.00 and a 52-week high of C$22.66. The company has a debt-to-equity ratio of 138.83, a quick ratio of 0.67 and a current ratio of 184.85. The firm has a market capitalization of C$828.85 million, a PE ratio of -54.89 and a beta of 1.45.

Dream Unlimited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, June 15th. Dream Unlimited’s dividend payout ratio is presently -184.03%.

Wall Street Analyst Weigh In

Separately, TD lifted their target price on 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.