Cormark Has Pessimistic Outlook of TSE:DRR Q4 Earnings

Dream Residential Real Estate Investment Trust (TSE:DRR) – Cormark decreased their Q4 2024 EPS estimates for shares of Dream Residential Real Estate Investment Trust in a research note issued to investors on Thursday, November 14th. Cormark analyst S. Srinivas now expects that the company will post earnings per share of $0.25 for the quarter, down from their previous 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 brokerages 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 research 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 Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a report on Thursday, August 8th.

Dream Residential Real Estate Investment Trust Stock Performance

Dream Residential Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.035 per share. The ex-dividend date was Thursday, October 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.