Echelon Wealth Partners reaffirmed their buy rating on shares of Dream Hard Asset Alternatives Trust (TSE:DRA.UN) in a research note released on Sunday morning, AnalystRatings.com reports. The brokerage currently has a C$8.00 price objective on the stock.
DRA.UN opened at C$7.59 on Friday. Dream Hard Asset Alternatives Trust has a 12-month low of C$5.90 and a 12-month high of C$7.82. The company has a quick ratio of 0.65, a current ratio of 2.35 and a debt-to-equity ratio of 35.58. The stock’s fifty day moving average price is C$7.70. The company has a market cap of $549.13 million and a P/E ratio of 67.77.
The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.0333 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Tuesday, July 30th. Dream Hard Asset Alternatives Trust’s payout ratio is 357.14%.
Dream Hard Asset Alternatives Trust Company Profile
Dream Hard Asset Alternatives Trust specializes in hard asset alternative investments including real estate, real estate lending and infrastructure, including renewable power.
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