Cormark Issues Pessimistic Forecast for TSE:DRR Earnings

Dream Residential Real Estate Investment Trust (TSE:DRR) – Investment analysts at Cormark cut their FY2024 earnings estimates for Dream Residential Real Estate Investment Trust in a research report issued on Thursday, November 14th. Cormark analyst S. Srinivas now expects that the company will earn $0.97 per share for the year, down from their prior forecast of $0.99. Cormark also issued estimates for Dream Residential Real Estate Investment Trust’s FY2025 earnings at $1.06 EPS.

DRR has been the subject of several other research reports. Raymond James cut Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research note 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 Price Performance

Dream Residential Real Estate Investment Trust Announces Dividend

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

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.