Dream Residential Real Estate Investment Trust (TSE:DRR) Cut to Hold at Desjardins

Desjardins cut shares of Dream Residential Real Estate Investment Trust (TSE:DRR) from a moderate buy rating to a hold rating in a research note issued to investors on Friday,Zacks.com reports. Desjardins also issued estimates for Dream Residential Real Estate Investment Trust’s Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.97 EPS, FY2025 earnings at $1.01 EPS and FY2026 earnings at $1.07 EPS.

A number of other research analysts have also issued reports on the company. Raymond James lowered Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a report on Sunday, August 11th. Ventum Cap Mkts raised Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a research report on Thursday, August 8th.

Dream Residential Real Estate Investment Trust Price Performance

Dream Residential Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is 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.