Dream Unlimited Corp. (TSE:DRM) Director Sells C$1,021,369.38 in Stock

Dream Unlimited Corp. (TSE:DRM) Director Jennifer Koss sold 40,038 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$25.51, for a total transaction of C$1,021,369.38.

Dream Unlimited Trading Up 1.4 %

Shares of TSE DRM traded up C$0.36 during mid-day trading on Wednesday, reaching C$25.55. 82,562 shares of the company’s stock were exchanged, compared to its average volume of 36,032. The company’s 50-day moving average is C$30.46 and its 200-day moving average is C$24.59. The company has a debt-to-equity ratio of 129.72, a quick ratio of 0.67 and a current ratio of 1.45. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of -232.27 and a beta of 1.39. Dream Unlimited Corp. has a 52-week low of C$17.51 and a 52-week high of C$33.95.

Dream Unlimited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, September 13th. Dream Unlimited’s dividend payout ratio (DPR) is -545.45%.

Wall Street Analysts Forecast Growth

Separately, TD Securities upped 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 Company Profile

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.