Cormark Has Pessimistic Outlook of TSE:DRR FY2024 Earnings

Dream Residential Real Estate Investment Trust (TSE:DRR) – Equities researchers at Cormark lowered their FY2024 earnings per share estimates for shares of Dream Residential Real Estate Investment Trust in a research report issued on Thursday, November 14th. Cormark analyst S. Srinivas now anticipates that the company will post earnings per share of $0.97 for the year, down from their prior estimate 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 upgraded 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 Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.035 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.42 annualized dividend and a dividend 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.