DREAM Unlimited Cl A Gets a Buy Rating from Canaccord Genuity

By Carrie Williams

In a new note to investors today, an analyst has provided a rating update for the Financial sector company, DREAM Unlimited Cl A (TSX: DRM). The company received a Buy rating from Canaccord Genuity’s analyst Mark Rothschild, with a C$10 price target.

According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 9.0% and a 76.3% success rate. Rothschild covers the Financial sector, focusing on stocks such as Brookfield Property Partners, Brookfield Asset Mng, and Essex Property Trust.

DREAM Unlimited Cl A has an analyst consensus of Moderate Buy, with a price target consensus of C$10.

Based on DREAM Unlimited Cl A’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of C$45.43 million and quarterly net profit of C$1.66 million. In comparison, last year the company earned revenue of C$53.85 million and had a net profit of C$11.96 million.

DREAM Unlimited Corp. engages in the provision of asset management and advisory services including sourcing, acquiring, managing and developing commercial and residential real estate. Its business includes residential land development, housing and condominium development, asset management, renewable energy infrastructure and commercial property ownership.

The company’s shares closed on Tuesday at C$7.89.