European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report)’s stock price shot up 1.3% on Monday . The company traded as high as C$2.37 and last traded at C$2.37. 116,744 shares changed hands during trading, an increase of 116% from the average session volume of 54,010 shares. The stock had previously closed at C$2.34.
Analysts Set New Price Targets
ERE.UN has been the subject of a number of recent analyst reports. Echelon Wealth Partners raised 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 research note on Friday, February 23rd. Desjardins decreased 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 note on Friday, February 23rd. Finally, Raymond James decreased their price objective 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 note 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’s stock. Based on data from MarketBeat.com, European Residential Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average target price of C$3.19.
Get Our Latest Research Report on ERE.UN
European Residential Real Estate Investment Trust Price Performance
European Residential Real Estate Investment Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.12 annualized dividend and a dividend yield of 5.06%. European Residential Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -23.61%.
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.
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