DREAM Unlimited (TSE:DRM) Stock Passes Above Fifty Day Moving Average of $9.19

DREAM Unlimited Corp (TSE:DRM)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.19 and traded as high as $10.03. DREAM Unlimited shares last traded at $10.00, with a volume of 35,292 shares.

Several research firms have recently issued reports on DRM. Canaccord Genuity upped their price objective on DREAM Unlimited from C$12.00 to C$13.75 in a research report on Monday, September 16th. TD Securities upped their price objective on DREAM Unlimited from C$11.50 to C$12.00 and gave the stock an “action list buy” rating in a research report on Friday, August 16th.

The company has a 50-day moving average price of C$9.28 and a 200-day moving average price of C$8.13. The firm has a market capitalization of $998.05 million and a price-to-earnings ratio of 41.61. The company has a debt-to-equity ratio of 87.52, a quick ratio of 0.69 and a current ratio of 2.54.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were given a $0.025 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.99%. DREAM Unlimited’s dividend payout ratio (DPR) is presently 24.12%.

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.

Further Reading: Moving Average – How it Helps Investors in Stock Selection

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