European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$3.14.
Several research firms have weighed in on ERE.UN. Scotiabank downgraded European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$3.50 to C$3.00 in a research report on Monday, May 6th. 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 research note on Friday, February 23rd. Echelon Wealth Partners raised shares of European Residential Real Estate Investment Trust from a “hold” rating to a “speculative buy” rating and decreased their price target for the company from C$3.30 to C$3.00 in a research report on Friday, February 23rd. Finally, Desjardins cut their price objective 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.
Check Out Our Latest Stock Analysis on European Residential Real Estate Investment Trust
European Residential Real Estate Investment Trust Trading Down 0.4 %
European Residential Real Estate Investment Trust Announces Dividend
The business also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were paid 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 5.29%. 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.
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