TD Issues Positive Forecast for Dream Unlimited (TSE:DRM) Stock Price

Dream Unlimited (TSE:DRM) had its price target upped by equities research analysts at TD from C$25.00 to C$26.00 in a report released on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD‘s target price indicates a potential upside of 34.99% from the company’s current price.

Several other brokerages have also recently issued reports on DRM. Scotiabank upgraded Dream Unlimited to a “strong-buy” rating in a report on Thursday, September 10th. Scotia set a C$25.00 target price on Dream Unlimited and gave the stock a “sector outperform” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$26.67.

Dream Unlimited Price Performance

DRM stock traded up C$1.54 during mid-day trading on Thursday, reaching C$19.26. The company’s stock had a trading volume of 124,216 shares, compared to its average volume of 37,432. The company has a current ratio of 209.05, a quick ratio of 0.67 and a debt-to-equity ratio of 145.27. The company’s 50 day moving average is C$17.20 and its two-hundred day moving average is C$18.89. Dream Unlimited has a fifty-two week low of C$16.02 and a fifty-two week high of C$22.66. The stock has a market cap of C$807.82 million, a PE ratio of 91.71 and a beta of 1.37.

Dream Unlimited (TSE:DRM) last posted its quarterly earnings results on Wednesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. Dream Unlimited had a return on equity of 0.61% and a net margin of 1.87%. The business had revenue of C$112.19 million during the quarter. Equities research analysts expect that Dream Unlimited will post 1.95 EPS for the current year.

Dream Unlimited Company Profile

Dream is a leading real estate developer and has an established and successful asset management business, inclusive of $28 billion of assets under management (1) across three Toronto Stock Exchange (‘TSX’) listed trusts, our private asset management business and numerous partnerships. We develop land and housing in our master planned communities in Western Canada and hold a growing portfolio of income generating properties across Canada. Dream expects this area of our business to grow as investment properties under construction are completed and held for the long-term.