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

European Residential Real Estate Investment Trust (TSE:ERE.UN) has received a consensus rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$3.14.

Several brokerages have weighed in on ERE.UN. Raymond James lowered 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 report 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 cut their price target for the stock from C$3.30 to C$3.00 in a research note on Friday, February 23rd. Scotiabank lowered shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$3.50 to C$3.00 in a research report on Monday, May 6th. Finally, Desjardins dropped their price objective 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 research report on Friday, February 23rd.

European Residential Real Estate Investment Trust Trading Down 0.9 %

Shares of European Residential Real Estate Investment Trust stock opened at C$2.27 on Monday. European Residential Real Estate Investment Trust has a 52-week low of C$2.12 and a 52-week high of C$3.04. The company has a quick ratio of 0.20, a current ratio of 0.04 and a debt-to-equity ratio of 272.09. The company’s 50-day simple moving average is C$2.35 and its 200-day simple moving average is C$2.38. The firm has a market cap of C$208.30 million, a price-to-earnings ratio of 22.70 and a beta of 1.21.

European Residential Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.29%. European Residential Real Estate Investment Trust’s 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.