Raymond James upgraded shares of European Residential Real Estate Investment Trust (TSE:ERE.UN – Free Report) from a market perform rating to an outperform rating in a report released on Tuesday, BayStreet.CA reports. They currently have C$3.25 price objective on the stock, up from their previous price objective of C$2.75.
Separately, Scotiabank downgraded European Residential Real Estate Investment Trust from an outperform rating to a sector perform rating and lowered their price objective for the stock from C$3.50 to C$3.00 in a research report on Monday, May 6th. Four investment 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 presently has a consensus rating of Moderate Buy and a consensus target price of C$3.20.
Read Our Latest Stock Analysis on European Residential Real Estate Investment Trust
European Residential Real Estate Investment Trust Stock Performance
European Residential Real Estate Investment Trust Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend was Tuesday, April 30th. European Residential Real Estate Investment Trust’s payout ratio is presently 180.00%.
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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