Cormark Issues Pessimistic Estimate for TSE:DRR Earnings

Dream Residential Real Estate Investment Trust (TSE:DRR) – Analysts at Cormark cut their Q4 2024 earnings per share (EPS) estimates for Dream Residential Real Estate Investment Trust in a research note issued on Thursday, November 14th. Cormark analyst S. Srinivas now forecasts that the company will post earnings of $0.25 per share for the quarter, down from their prior forecast 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.

Other analysts also recently issued reports about the stock. Desjardins downgraded shares of Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 8th. Raymond James lowered shares of Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a report on Sunday, August 11th. Finally, Ventum Cap Mkts raised shares of 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of ∞. The ex-dividend date was Thursday, October 31st.

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.