Dream Hard Asset Alternatives Trust’s (DRA.UN) “Buy” Rating Reiterated at Echelon Wealth Partners

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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%.

In related news, Senior Officer Dream Asset Management Corporation acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average price of C$7.59 per share, with a total value of C$151,738.00. Following the completion of the transaction, the insider now directly owns 4,667,494 shares in the company, valued at C$35,411,810.23. Also, Director James George Eaton sold 5,421 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of C$7.67, for a total value of C$41,579.07. Following the sale, the director now directly owns 7,918 shares in the company, valued at approximately C$60,731.06. Insiders have bought a total of 421,800 shares of company stock worth $3,258,809 in the last three months.

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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