Brokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target at C$3.19

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$3.19.

ERE.UN has been the subject of a number of research analyst reports. Desjardins decreased their price target on shares of European Residential Real Estate Investment Trust from C$3.00 to C$2.75 and set a “hold” rating for the company in a report on Friday, February 23rd. Echelon Wealth Partners upgraded European Residential Real Estate Investment Trust from a “hold” rating to a “speculative buy” rating and reduced their target price for the stock from C$3.30 to C$3.00 in a research note on Friday, February 23rd. Finally, Raymond James dropped their price target on European Residential Real Estate Investment Trust from C$2.85 to C$2.75 and set a “market perform” rating on the stock in a research note on Friday, February 23rd.

European Residential Real Estate Investment Trust Price Performance

Shares of ERE.UN stock opened at C$2.34 on Thursday. The stock’s 50-day simple moving average is C$2.35 and its 200-day simple moving average is C$2.37. The firm has a market capitalization of C$214.04 million, a price-to-earnings ratio of -3.25 and a beta of 1.21. The company has a debt-to-equity ratio of 290.94, a quick ratio of 0.20 and a current ratio of 0.09. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.12 and a fifty-two week high of C$3.40.

European Residential Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 5.13%. European Residential Real Estate Investment Trust’s payout ratio is currently -23.61%.

European Residential Real Estate Investment Trust Company Profile

European Residential Real Estate Investment Trust – ERES is an unincorporated, open-ended real estate investment trust. ERES’s REIT units are listed on the TSX under the symbol ERE.UN. ERES is Canada’s only European-focused multi-residential REIT, with a current initial focus on investing in high-quality multi-residential real estate properties in the Netherlands.