This is an adorable vintage ceramic wall plaque, which I believe is handmade / hand-painted.  Quite heavy, looks like vintage chalkware.

shape: Oval

size: 8.5" by 6"

subject: bear in a nightcap, pajamas and holding a blacket, with the saying "May your dreams be touched with magic"

Has a hanger on the back for easy wall mounting on a nail or hook.