Brokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) PT at C$3.14

European Residential Real Estate Investment Trust (TSE:ERE.UNGet Free Report) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$3.14.

ERE.UN has been the topic of several research analyst reports. Echelon Wealth Partners upgraded European Residential Real Estate Investment Trust from a “hold” rating to a “speculative buy” rating and cut their price objective for the company from C$3.30 to C$3.00 in a report on Friday, February 23rd. Scotiabank cut shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$3.50 to C$3.00 in a research report on Monday, May 6th. Raymond James lowered 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, Desjardins cut 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 on the stock in a research note on Friday, February 23rd.

Check Out Our Latest Stock Analysis on ERE.UN

European Residential Real Estate Investment Trust Stock Up 0.4 %

Shares of TSE ERE.UN opened at C$2.31 on Friday. European Residential Real Estate Investment Trust has a 52-week low of C$2.12 and a 52-week high of C$3.02. The business’s 50 day moving average is C$2.32 and its two-hundred day moving average is C$2.39. The firm has a market cap of C$211.97 million, a price-to-earnings ratio of 23.10 and a beta of 1.21. The company has a quick ratio of 0.20, a current ratio of 0.04 and a debt-to-equity ratio of 272.09.

European Residential Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.12 annualized dividend and a yield of 5.19%. European Residential Real Estate Investment Trust’s dividend payout ratio (DPR) is 180.00%.

About European Residential Real Estate Investment Trust

(Get Free Report

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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