Cormark Has Bearish Estimate for TSE:DRR Q4 Earnings

Dream Residential Real Estate Investment Trust (TSE:DRR) – Investment analysts at Cormark dropped their Q4 2024 earnings per share (EPS) estimates for shares of Dream Residential Real Estate Investment Trust in a research report issued to clients and investors on Thursday, November 14th. Cormark analyst S. Srinivas now expects that the company will earn $0.25 per share for the quarter, down from their prior estimate of $0.26. Cormark also issued estimates for Dream Residential Real Estate Investment Trust’s Q1 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.28 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.29 EPS and FY2026 earnings at $1.11 EPS.

A number of other research firms also recently issued reports on DRR. Raymond James downgraded Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a report on Sunday, August 11th. Desjardins lowered shares of Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Ventum Cap Mkts raised shares of Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a research note on Thursday, August 8th.

Dream Residential Real Estate Investment Trust Price Performance

Dream Residential Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid 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.

About Dream Residential Real Estate Investment Trust

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.