European Residential Real Estate Investment Trust (TSE:ERE.UN) Shares Up 1.3%

European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report)'s stock price traded up 1.3% during mid-day trading on Monday . The company traded as high as C$2.37 and last traded at C$2.37. 116,744 shares were traded during mid-day trading, an increase of 116% from the average session volume of 54,010 shares. The stock had previously closed at C$2.34.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Desjardins dropped their price target 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. 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 report on Friday, February 23rd. Finally, 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 report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$3.19.

European Residential Real Estate Investment Trust Price Performance

The company has a quick ratio of 0.20, a current ratio of 0.09 and a debt-to-equity ratio of 290.94. The company has a market capitalization of C$216.78 million, a PE ratio of -3.29 and a beta of 1.21. The business's 50 day simple moving average is C$2.35 and its 200 day simple moving average is C$2.37.

European Residential Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Tuesday, April 30th. European Residential Real Estate Investment Trust's dividend payout ratio (DPR) is -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.