Desjardins Brokers Cut Earnings Estimates for Dream Residential Real Estate Investment Trust (TSE:DRR)

Dream Residential Real Estate Investment Trust (TSE:DRR) – Equities research analysts at Desjardins reduced their FY2024 earnings per share (EPS) estimates for Dream Residential Real Estate Investment Trust in a report issued on Tuesday, August 13th. Desjardins analyst K. Stanley now forecasts that the company will post earnings of $0.99 per share for the year, down from their prior forecast of $1.00. Desjardins also issued estimates for Dream Residential Real Estate Investment Trust’s Q4 2024 earnings at $0.26 EPS, FY2025 earnings at $1.03 EPS and FY2026 earnings at $1.10 EPS.

DRR has been the subject of several other reports. Scotiabank cut Dream Residential Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Ventum Cap Mkts upgraded Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, 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.

Dream Residential Real Estate Investment Trust Stock Performance

Dream Residential Real Estate Investment Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Wednesday, July 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.