Dream Unlimited (TSE:DRM) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Dream Unlimited Corp. (TSE:DRM) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.27 and traded as low as C$22.21. Dream Unlimited shares last traded at C$22.37, with a volume of 31,900 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities lifted their price objective on Dream Unlimited from C$33.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.

Dream Unlimited Price Performance

The company has a current ratio of 1.45, a quick ratio of 0.67 and a debt-to-equity ratio of 129.72. The firm’s 50-day moving average price is C$27.48 and its two-hundred day moving average price is C$25.30. The stock has a market cap of C$905.09 million, a PE ratio of -203.36 and a beta of 1.39.

Dream Unlimited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 2.68%. Dream Unlimited’s dividend payout ratio (DPR) is presently -545.45%.

Insider Activity

In other news, Director Jennifer Koss sold 40,038 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$25.51, for a total value of C$1,021,369.38. Company insiders own 47.16% of the company’s stock.

About Dream Unlimited

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.