European Commercial REIT (TSE:ERE – Get Free Report) declared a monthly dividend on Thursday, August 15th, Zacks reports. Investors of record on Friday, August 30th will be given a dividend of 0.015 per share on Monday, September 16th. This represents a $0.18 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Friday, August 30th.
European Commercial REIT Price Performance
European Commercial REIT (TSE:ERE – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.11 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.05. The company had revenue of C$36.04 million during the quarter.
Analysts Set New Price Targets
ERE has been the topic of several recent analyst reports. Raymond James raised shares of European Commercial REIT from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Ventum Cap Mkts raised shares of European Commercial REIT to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Desjardins upgraded European Commercial REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, August 11th.
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