Dream Residential Real Estate Investment Trust (TSE:DRR) to Post FY2024 Earnings of $0.99 Per Share, Desjardins Forecasts

Dream Residential Real Estate Investment Trust (TSE:DRR) – Investment analysts at Desjardins cut their FY2024 earnings per share (EPS) estimates for shares of Dream Residential Real Estate Investment Trust in a research note issued on Tuesday, August 13th. Desjardins analyst K. Stanley now forecasts that the company will post earnings per share of $0.99 for the year, down from their previous forecast of $1.00. Desjardins also issued estimates for Dream Residential Real Estate Investment Trust’s Q4 2024 earnings at $0.26 EPS, FY2025 earnings at $1.03 EPS and FY2026 earnings at $1.10 EPS.

Other equities research analysts also recently issued research reports about the stock. Raymond James downgraded shares of Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research note on Sunday, August 11th. Scotiabank cut shares of Dream Residential Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, Ventum Cap Mkts raised shares of Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a report on Thursday, August 8th.

Dream Residential Real Estate Investment Trust Price Performance

Dream Residential Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.42 annualized dividend and a yield of ∞.

Dream Residential Real Estate Investment Trust Company Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments.