Dream Residential Real Estate Investment Trust (TSE:DRR) Plans Monthly Dividend of $0.04

Dream Residential Real Estate Investment Trust (TSE:DRR) declared a monthly dividend on Tuesday, October 22nd, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Thursday, October 31st.

Dream Residential Real Estate Investment Trust Price 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 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.01). The business had revenue of C$16.55 million for the quarter.

Analysts Set New Price Targets

DRR has been the subject of a number of research analyst reports. Raymond James downgraded 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. Ventum Cap Mkts raised shares of Dream Residential Real Estate Investment Trust to a “strong-buy” rating in a research note on Thursday, August 8th.

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.