Dream Unlimited (TSE:DRM) Stock Price Passes Above 50 Day Moving Average of $22.50

Dream Unlimited Corp. (TSE:DRM)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$22.50 and traded as high as C$22.75. Dream Unlimited shares last traded at C$22.64, with a volume of 56,641 shares traded.

Separately, TD Securities upped their target price on shares of Dream Unlimited from C$25.00 to C$28.00 and gave the company a “buy” rating in a research note on Thursday, February 25th.

The firm has a market cap of C$1.02 billion and a P/E ratio of 6.82. The stock’s 50 day moving average is C$22.52 and its two-hundred day moving average is C$20.60. The company has a debt-to-equity ratio of 54.99, a current ratio of 2.65 and a quick ratio of 0.87.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Wednesday, March 31st were paid a $0.07 dividend. The ex-dividend date was Friday, March 12th. This represents a $0.28 dividend on an annualized basis and a yield of 1.23%. This is a boost from Dream Unlimited’s previous quarterly dividend of $0.06. Dream Unlimited’s payout ratio is presently 7.25%.

About Dream Unlimited (TSE:DRM)

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.

Recommended Story: No Load Funds