What is Cormark’s Forecast for TSE:DRR FY2024 Earnings?

Dream Residential Real Estate Investment Trust (TSE:DRR) – Research analysts at Cormark cut their FY2024 earnings estimates for Dream Residential Real Estate Investment Trust in a research report issued to clients and investors on Thursday, November 14th. Cormark analyst S. Srinivas now anticipates that the company will post earnings of $0.97 per share 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.

Other research analysts have also recently issued reports about the company. Raymond James cut Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research report on Sunday, August 11th. Ventum Cap Mkts upgraded shares of Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Desjardins lowered Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a report on Friday, November 8th.

Dream Residential Real Estate Investment Trust Stock Performance

Dream Residential Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend 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.