European Residential Real Estate Investment Trust Plans 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. Stockholders of record on Wednesday, May 15th will be given 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 of this dividend is Tuesday, April 30th.

European Residential Real Estate Investment Trust Trading Down 0.4 %

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

Wall Street Analyst Weigh In

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