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

Dream Residential Real Estate Investment Trust (TSE:DRR) was downgraded by equities research analysts at Desjardins from a “moderate buy” rating to a “hold” rating in a 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.

Several other equities analysts have also commented 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 Stock Performance

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

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.