Cormark Has Negative Forecast for TSE:DRR Q4 Earnings

Dream Residential Real Estate Investment Trust (TSE:DRR) – Equities research analysts at Cormark cut their Q4 2024 earnings per share (EPS) estimates for Dream Residential Real Estate Investment Trust in a note issued to investors on Thursday, November 14th. Cormark analyst S. Srinivas now anticipates that the company will earn $0.25 per share for the quarter, down from their previous estimate of $0.26. Cormark also issued estimates for Dream Residential Real Estate Investment Trust’s Q1 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.28 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.29 EPS and FY2026 earnings at $1.11 EPS.

Other analysts have also recently issued research reports about the company. Desjardins cut Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 8th. Raymond James cut shares of Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Ventum Cap Mkts upgraded Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a research note on Thursday, August 8th.

Dream Residential Real Estate Investment Trust Stock Performance

Dream Residential Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.42 dividend on an annualized basis 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.