Dream Residential Real Estate Investment Trust (TSE:DRR) to Issue $0.04 Monthly Dividend

Dream Residential Real Estate Investment Trust (TSE:DRR) announced a monthly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.035 per share on Friday, November 15th. This represents a $0.42 annualized dividend and a dividend yield of ∞. The ex-dividend date is Thursday, October 31st.

Dream Residential Real Estate Investment Trust Stock Performance

Dream Residential Real Estate Investment Trust (TSE:DRR) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DRR shares. Ventum Cap Mkts upgraded shares of Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a report on Thursday, August 8th. Raymond James cut Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research note on Sunday, August 11th.

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.