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DREAM Un Cl A ( (TSE:DRM) ) has shared an announcement.
Dream Unlimited Corp.’s asset management arm, Dream Asset Management Corporation, has increased its stake in Dream Impact Trust by acquiring 450,000 units as part of asset management fees, raising its ownership to approximately 40.2%. This strategic move, approved by unitholders and the Toronto Stock Exchange, aligns with Dream’s ongoing evaluation of its investments, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (TSE:DRM) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on DREAM Un Cl A stock, see the TSE:DRM Stock Forecast page.
Spark’s Take on TSE:DRM Stock
According to Spark, TipRanks’ AI Analyst, TSE:DRM is a Neutral.
DREAM Un Cl A’s overall stock score reflects strong profitability and attractive valuation, offset by declining revenues, negative cash flows, and bearish technical indicators. The earnings call provided a mixed outlook with both growth potential and economic concerns.
To see Spark’s full report on TSE:DRM stock, click here.
More about DREAM Un Cl A
Dream Unlimited Corp. is a prominent real estate developer with a robust asset management business, managing $28 billion in assets across three Toronto Stock Exchange listed trusts, private asset management, and various partnerships. The company focuses on developing land and housing in master-planned communities in Western Canada and maintains a growing portfolio of income-generating properties across Canada.
Average Trading Volume: 35,972
Technical Sentiment Signal: Sell
Current Market Cap: C$753M
For detailed information about DRM stock, go to TipRanks’ Stock Analysis page.