European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives C$3.14 Consensus Price Target from Brokerages

European Residential Real Estate Investment Trust (TSE:ERE.UN) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$3.14.

Separately, Scotiabank downgraded European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$3.50 to C$3.00 in a research note on Monday, May 6th.

European Residential Real Estate Investment Trust Stock Performance

TSE ERE.UN opened at C$2.63 on Tuesday. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.12 and a fifty-two week high of C$2.92. The company has a debt-to-equity ratio of 272.09, a quick ratio of 0.20 and a current ratio of 0.04. The firm has a market capitalization of C$241.33 million, a P/E ratio of 26.30 and a beta of 1.21. The stock has a 50-day simple moving average of C$2.32 and a two-hundred day simple moving average of C$2.37.

European Residential Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were paid a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Tuesday, April 30th. European Residential Real Estate Investment Trust’s dividend payout ratio (DPR) is 180.00%.

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.