Dream Residential Real Estate Investment Trust (TSE:DRR) Upgraded to Strong-Buy by Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Dream Residential Real Estate Investment Trust (TSE:DRR) to a strong-buy rating in a report issued on Thursday morning, Zacks.com reports.

Separately, Scotiabank cut Dream Residential Real Estate Investment Trust from a strong-buy rating to a hold rating in a report on Tuesday, May 14th.

Dream Residential Real Estate Investment Trust Price Performance

Dream Residential Real Estate Investment Trust (TSE:DRR) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.18). The firm had revenue of C$16.20 million during the quarter.

Dream Residential Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of ∞. The ex-dividend date is 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.