European Residential Real Estate Investment Trust to Issue Monthly Dividend of $0.01 (TSE:ERE.UN)

European Residential Real Estate Investment Trust (TSE:ERE.UN) declared a monthly dividend on Tuesday, April 30th, TickerTech reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.01 per share on Wednesday, May 15th. This represents a $0.12 annualized dividend and a yield of 5.08%. The ex-dividend date is Tuesday, April 30th.

European Residential Real Estate Investment Trust Stock Down 0.4 %

European Residential Real Estate Investment Trust stock opened at C$2.36 on Friday. The company has a debt-to-equity ratio of 290.94, a quick ratio of 0.20 and a current ratio of 0.09. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.12 and a fifty-two week high of C$3.40. The business’s 50-day simple moving average is C$2.35 and its two-hundred day simple moving average is C$2.37. The company has a market cap of C$215.87 million, a PE ratio of -3.28 and a beta of 1.21.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Desjardins cut their target price 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. Echelon Wealth Partners upgraded European Residential Real Estate Investment Trust from a “hold” rating to a “speculative buy” rating and lowered their target price for the company from C$3.30 to C$3.00 in a research note on Friday, February 23rd. Finally, Raymond James lowered their target price 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 note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, European Residential Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of C$3.19.

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.