Analysts Set European Residential Real Estate Investment Trust (TSE:ERE.UN) PT at C$3.19

European Residential Real Estate Investment Trust (TSE:ERE.UNGet Free Report) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$3.19.

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

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European Residential Real Estate Investment Trust Trading Down 0.4 %

TSE:ERE.UN opened at C$2.36 on Thursday. The firm has a 50 day moving average of C$2.35 and a 200 day moving average of C$2.37. The company has a quick ratio of 0.20, a current ratio of 0.09 and a debt-to-equity ratio of 290.94. European Residential Real Estate Investment Trust has a 52 week low of C$2.12 and a 52 week high of C$3.40. The stock has a market capitalization of C$215.87 million, a price-to-earnings ratio of -3.28 and a beta of 1.21.

European Residential Real Estate Investment Trust Dividend Announcement

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 issued 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 yield of 5.08%. European Residential Real Estate Investment Trust’s payout ratio is currently -23.61%.

European Residential Real Estate Investment Trust Company Profile

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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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Analyst Recommendations for European Residential Real Estate Investment Trust (TSE:ERE.UN)

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