DREAM Unlimited Cl A Receives a Buy from Canaccord Genuity

By Ryan Adsit

DREAM Unlimited Cl A (TSX: DRM), the Financial sector company, has received a rating update from a Wall Street analyst yesterday. Canaccord Genuity’s analyst Mark Rothschild reiterates their Buy rating on the shares, with a C$11.25 price target.

According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 9.3% and a 71.3% 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 Hold.

Based on DREAM Unlimited Cl A’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$115 million and quarterly net profit of C$19.13 million. In comparison, last year the company earned revenue of C$88.63 million and had a net profit of C$19.33 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 Wednesday at C$7.48.