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

European Residential Real Estate Investment Trust (TSE:ERE.UN) announced 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 dividend on an annualized basis 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 %

TSE ERE.UN opened at C$2.36 on Friday. The stock has a 50-day simple moving average of C$2.35 and a 200 day simple moving average of C$2.37. The company 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. European Residential Real Estate Investment Trust has a 12 month low of C$2.12 and a 12 month high of C$3.40.

Analyst Upgrades and Downgrades

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