European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) was up 1.3% during trading on Monday . The company traded as high as C$2.37 and last traded at C$2.37. Approximately 116,744 shares changed hands during trading, an increase of 116% from the average daily volume of 54,010 shares. The stock had previously closed at C$2.34.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ERE.UN. Echelon Wealth Partners raised European Residential Real Estate Investment Trust from a “hold” rating to a “speculative buy” rating and reduced their price target for the stock from C$3.30 to C$3.00 in a research note on Friday, February 23rd. Desjardins reduced their target price on European Residential Real Estate Investment Trust from C$3.00 to C$2.75 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Finally, Raymond James lowered their price target on European Residential Real Estate Investment Trust from C$2.85 to C$2.75 and set a “market perform” rating for the company in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$3.19.
Read Our Latest Analysis on European Residential Real Estate Investment Trust
European Residential Real Estate Investment Trust Price Performance
European Residential Real Estate Investment Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be paid a $0.01 dividend. This represents a $0.12 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Tuesday, April 30th. European Residential Real Estate Investment Trust’s dividend payout ratio (DPR) is -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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