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

European Residential Real Estate Investment Trust (TSE:ERE.UN) announced 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 dividend yield of 5.08%. The ex-dividend date is Tuesday, April 30th.

European Residential Real Estate Investment Trust Trading Down 0.4 %

Shares of European Residential Real Estate Investment Trust stock opened at C$2.36 on Friday. The firm has a market capitalization of C$215.87 million, a PE ratio of -3.28 and a beta of 1.21. The company has a current ratio of 0.09, a quick ratio of 0.20 and a debt-to-equity ratio of 290.94. The firm’s 50 day moving average is C$2.35 and its 200 day moving average is C$2.37. European Residential Real Estate Investment Trust has a 1 year low of C$2.12 and a 1 year high of C$3.40.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ERE.UN shares. Echelon Wealth Partners raised shares of European Residential Real Estate Investment Trust from a “hold” rating to a “speculative buy” rating and reduced their target price for the stock from C$3.30 to C$3.00 in a report on Friday, February 23rd. Desjardins reduced their target price on shares of European Residential Real Estate Investment Trust from C$3.00 to C$2.75 and set a “hold” rating on the stock in a report on Friday, February 23rd. Finally, Raymond James reduced 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 report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.