Dream Residential Real Estate Investment Trust Announces Monthly Dividend of $0.04 (TSE:DRR)

Dream Residential Real Estate Investment Trust (TSE:DRR) announced a monthly dividend on Thursday, September 19th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.035 per share on Tuesday, October 15th. This represents a $0.42 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Monday, September 30th.

Dream Residential Real Estate Investment Trust Price Performance

Dream Residential Real Estate Investment Trust (TSE:DRR) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.01). The firm had revenue of C$16.55 million during the quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Ventum Cap Mkts raised Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a research note on Thursday, August 8th. Raymond James lowered Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research note on Sunday, August 11th.

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.