Raymond James Downgrades Dream Residential Real Estate Investment Trust (TSE:DRR) to Hold

Posted by Trevor Kearing on Aug 14th, 2024

Raymond James downgraded shares of Dream Residential Real Estate Investment Trust (TSE:DRR – Free Report) from a moderate buy rating to a hold rating in a research report sent to investors on Sunday morning, Zacks.com reports. Raymond James also issued estimates for Dream Residential Real Estate Investment Trust’s Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.23 EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.25 EPS and FY2026 earnings at $1.00 EPS.

DRR has been the topic of several other research reports. Scotiabank lowered shares of 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 raised shares of Dream Residential Real Estate Investment Trust to a strong-buy rating in a research report on Thursday, August 8th.

Check Out Our Latest Stock Report on DRR

Dream Residential Real Estate Investment Trust Stock Performance

Dream Residential Real Estate Investment Trust Announces Dividend

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

Dream Residential Real Estate Investment Trust Company Profile

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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.