Dream Residential Real Estate Investment Trust (TSE:DRR) Declares Monthly Dividend of $0.04

Dream Residential Real Estate Investment Trust (TSE:DRR) announced a monthly dividend on Thursday, September 19th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.035 per share on Tuesday, October 15th. This represents a $0.42 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Monday, September 30th.

Dream Residential Real Estate Investment Trust Price Performance

Dream Residential Real Estate Investment Trust (TSE:DRR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.01). The company had revenue of C$16.55 million for the quarter.

Analyst Ratings Changes

Several research firms recently weighed in on DRR. Raymond James cut shares of 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 report on Thursday, August 8th.

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.