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

Dream Residential Real Estate Investment Trust (TSE:DRR) announced 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 is Thursday, October 31st.

Dream Residential Real Estate Investment Trust Price Performance

Dream Residential Real Estate Investment Trust (TSE:DRR) last announced 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Raymond James lowered Dream Residential Real Estate Investment Trust from a “moderate buy” rating to a “hold” rating in a research report 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.