Cormark Has Pessimistic Outlook of TSE:DRR FY2024 Earnings

Dream Residential Real Estate Investment Trust (TSE:DRR) – Equities research analysts at Cormark cut their FY2024 earnings per share (EPS) estimates for Dream Residential Real Estate Investment Trust in a report released on Thursday, November 14th. Cormark analyst S. Srinivas now forecasts that the company will post earnings of $0.97 per share for the year, down from their prior forecast of $0.99. Cormark also issued estimates for Dream Residential Real Estate Investment Trust’s FY2025 earnings at $1.06 EPS.

Several other equities analysts also recently commented on DRR. Ventum Cap Mkts raised Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a research report on Thursday, August 8th. Desjardins downgraded Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Raymond James downgraded Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research report on Sunday, August 11th.

Dream Residential Real Estate Investment Trust Stock Performance

Dream Residential Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend was Thursday, October 31st.

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.