European Residential Real Estate Investment Trust (TSE:ERE.UN) Given Consensus Rating of “Moderate Buy” by Analysts

European Residential Real Estate Investment Trust (TSE:ERE.UN) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$3.19.

ERE.UN has been the topic of several analyst reports. Desjardins reduced 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 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 reduced their price objective for the stock from C$3.30 to C$3.00 in a research note on Friday, February 23rd. Finally, Raymond James reduced 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 report on Friday, February 23rd.

European Residential Real Estate Investment Trust Stock Performance

TSE ERE.UN opened at C$2.37 on Thursday. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.12 and a fifty-two week high of C$3.44. The company has a debt-to-equity ratio of 290.94, a quick ratio of 0.20 and a current ratio of 0.09. The stock has a 50 day simple moving average of C$2.35 and a two-hundred day simple moving average of C$2.37. The stock has a market cap of C$216.78 million, a P/E ratio of -3.29 and a beta of 1.21.

European Residential Real Estate Investment Trust Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Tuesday, April 30th. European Residential Real Estate Investment Trust’s payout ratio is presently -23.61%.

About European Residential Real Estate Investment Trust

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.