European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives C$3.14 Consensus PT from Analysts

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$3.14.

A number of research analysts recently weighed in on the stock. Scotiabank downgraded shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$3.50 to C$3.00 in a research report on Monday, May 6th. Desjardins reduced their target price 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. Raymond James reduced their price objective on shares of 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 research note 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 reduced their price objective for the stock from C$3.30 to C$3.00 in a research note on Friday, February 23rd.

European Residential Real Estate Investment Trust Price Performance

Shares of TSE ERE.UN opened at C$2.27 on Monday. European Residential Real Estate Investment Trust has a 1 year low of C$2.12 and a 1 year high of C$3.04. The company has a debt-to-equity ratio of 272.09, a current ratio of 0.04 and a quick ratio of 0.20. The company’s 50-day moving average is C$2.35 and its 200 day moving average is C$2.38. The stock has a market capitalization of C$208.30 million, a P/E ratio of 22.70 and a beta of 1.21.

European Residential Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were paid a $0.01 dividend. This represents a $0.12 annualized dividend and a dividend yield of 5.29%. The ex-dividend date was Tuesday, April 30th. European Residential Real Estate Investment Trust’s dividend payout ratio is currently 180.00%.

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.