Dream Residential Real Estate Investment Trust (TSE:DRR) Lifted to “Strong-Buy” at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Dream Residential Real Estate Investment Trust (TSE:DRR) to a strong-buy rating in a research note issued to investors 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 Stock Performance

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

Dream Residential Real Estate Investment Trust Announces Dividend

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

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.