European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$3.19.
ERE.UN has been the topic of a number of research reports. Echelon Wealth Partners raised shares of European Residential Real Estate Investment Trust from a “hold” rating to a “speculative buy” rating and dropped their target price for the stock from C$3.30 to C$3.00 in a report on Friday, February 23rd. Raymond James cut their target price on shares of 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 report on Friday, February 23rd. Finally, Desjardins lowered their price objective on European Residential Real Estate Investment Trust from C$3.00 to C$2.75 and set a “hold” rating for the company in a research note on Friday, February 23rd.
Read Our Latest Research Report on ERE.UN
European Residential Real Estate Investment Trust Trading Down 0.4 %
European Residential Real Estate Investment Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a $0.01 dividend. This represents a $0.12 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Tuesday, April 30th. European Residential Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -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.
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