What is European Residential Real Estate Investment Trust's stock price target for 2024?

7 Wall Street analysts have issued 12 month price objectives for European Residential Real Estate Investment Trust's stock. Their ERE.UN share price targets range from C$2.75 to C$4.00. On average, they expect the company's stock price to reach C$3.29 in the next twelve months. This suggests a possible upside of 35.2% from the stock's current price. View analysts price targets for ERE.UN or view top-rated stocks among Wall Street analysts .

How have ERE.UN shares performed in 2023?

European Residential Real Estate Investment Trust's stock was trading at C$3.03 at the beginning of 2023. Since then, ERE.UN stock has decreased by 19.8% and is now trading at C$2.43. View the best growth stocks for 2023 here .

Is European Residential Real Estate Investment Trust a good dividend stock?

European Residential Real Estate Investment Trust (TSE:ERE.UN) pays an annual dividend of C$0.18 per share and currently has a dividend yield of 7.46%. ERE.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.

How do I buy shares of European Residential Real Estate Investment Trust?

Shares of ERE.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

European Residential Real Estate Investment Trust Stock Price, News & Analysis (TSE:ERE.UN)

C$2.43

-0.04 (-1.62%)

(As of 12/8/2023 08:58 PM ET)

Today's Range: C$2.39
▼
C$2.48
50-Day Range: C$2.15
▼
C$2.47
52-Week Range: C$2.12
▼
C$3.88

Volume: 48,597 shs
Average Volume: 90,096 shs
Market Capitalization: C$221.45 million

P/E Ratio: N/A
Dividend Yield: 7.41%
Price Target: C$3.29

Stock Analysis Analyst Forecasts Chart Headlines

About European Residential Real Estate Investment Trust Stock (TSE:ERE.UN)

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. ERES owns a portfolio of 137 multi-residential properties, comprised of 5,865 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium. ERES's registered and principal business office is located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.

ERE.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ERE.UN Stock News Headlines

December 1, 2023 | wsj.com

European Property Sector Set for Revival Next Year

November 30, 2023 | americanbankingnews.com

Brokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Target Price at C$3.29

December 9, 2023 | Autonomix (Ad)

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October 25, 2023 | theglobeandmail.com

Closing Bell: European Residential Real Estate Invs. Trust flat on Tuesday (ERE-UN)

July 17, 2023 | seekingalpha.com

European Residential REIT declares CAD 0.01 dividend

July 17, 2023 | finance.yahoo.com

ERES REIT Declares July 2023 Monthly Distribution

June 28, 2023 | reuters.com

Real estate poses only moderate system risk to Europe banks, S&P says

June 15, 2023 | finance.yahoo.com

ERES REIT Declares June 2023 Monthly Distribution

December 9, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

June 1, 2023 | benzinga.com

European Residential Real Estate Investment Trust Announces Results of 2023 Annual Meeting

May 19, 2023 | msn.com

Southern Europe leads the way in interest in rental housing investment

May 15, 2023 | benzinga.com

ERES REIT Declares May 2023 Monthly Distribution

May 10, 2023 | markets.businessinsider.com

European Commercial Real Estate Ltd (ERE.UN) Receives a Buy from Echelon Wealth Partners

May 5, 2023 | theglobeandmail.com

Closing Bell: European Residential Real Estate Invs. Trust up on Friday (ERE-UN)

April 27, 2023 | bloomberg.com

Short European Real Estate? Beware. So Is Everyone Else

April 27, 2023 | msn.com

European commercial real estate investment slumps to 11-year low in Q1 2023

April 26, 2023 | theglobeandmail.com

Closing Bell: European Residential Real Estate Invs. Trust down on Wednesday (ERE-UN)

April 25, 2023 | money.usnews.com

Commercial Real Estate Loans in Core Europe Face $55 Billion Funding Gap, Report Says

April 19, 2023 | theglobeandmail.com

Closing Bell: European Residential Real Estate Invs. Trust up on Tuesday (ERE-UN)

April 17, 2023 | finance.yahoo.com

ERES REIT Declares April 2023 Monthly Distribution

April 15, 2023 | theglobeandmail.com

Closing Bell: European Residential Real Estate Invs. Trust flat on Friday (ERE-UN)

April 6, 2023 | theglobeandmail.com

Closing Bell: European Residential Real Estate Invs. Trust up on Wednesday (ERE-UN)

March 31, 2023 | bloomberg.com

A Real Estate Crunch in the Heart of Europe

March 28, 2023 | theglobeandmail.com

Closing Bell: European Residential Real Estate Invs. Trust down on Monday (ERE-UN)

March 23, 2023 | finance.yahoo.com

ERES REIT Announces Timing of First Quarter 2023 Results & Conference Call

March 21, 2023 | bizjournals.com

Louisville Residential Real Estate News

March 20, 2023 | benzinga.com

First Trust Dynamic Europe Equity Income Fund Declares its Monthly Common Share Distribution of $0.07 Per Share for April

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: N/A
Sub-Industry: N/A
Sector: N/A
Current Symbol: TSE:ERE.UN
CUSIP: N/A
CIK: N/A
Web: N/A
Phone: N/A
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$3.29
High Stock Price Target: C$4.00
Low Stock Price Target: C$2.75
Potential Upside/Downside: +35.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.80)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 10.01
P/E Growth: N/A
Net Income: C$-127,100,000.00
Net Margins: -135.36%
Pretax Margin: N/A
Return on Equity: -23.84%
Return on Assets: 2.14%

Debt

Debt-to-Equity Ratio: 266.13
Current Ratio: 0.28
Quick Ratio: 0.20

Sales & Book Value

Annual Sales: C$93.90 million
Price / Sales: 2.36
Cash Flow: C$0.17 per share
Price / Cash Flow: 14.22
Book Value: C$5.11 per share
Price / Book: 0.48

Miscellaneous

Outstanding Shares: 91,130,000
Free Float: N/A
Market Cap: C$221.45 million
Optionable: Not Optionable
Beta: 1.17

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ERE.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell European Residential Real Estate Investment Trust stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for European Residential Real Estate Investment Trust in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ERE.UN shares.
View ERE.UN analyst ratings or view top-rated stocks.
What is European Residential Real Estate Investment Trust's stock price target for 2024?: 7 Wall Street analysts have issued 12 month price objectives for European Residential Real Estate Investment Trust's stock. Their ERE.UN share price targets range from C$2.75 to C$4.00. On average, they expect the company's stock price to reach C$3.29 in the next twelve months. This suggests a possible upside of 35.2% from the stock's current price.
View analysts price targets for ERE.UN or view top-rated stocks among Wall Street analysts.
How have ERE.UN shares performed in 2023?: European Residential Real Estate Investment Trust's stock was trading at C$3.03 at the beginning of 2023. Since then, ERE.UN stock has decreased by 19.8% and is now trading at C$2.43.
View the best growth stocks for 2023 here.

Is European Residential Real Estate Investment Trust a good dividend stock?: European Residential Real Estate Investment Trust (TSE:ERE.UN) pays an annual dividend of C$0.18 per share and currently has a dividend yield of 7.46%. ERE.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
How do I buy shares of European Residential Real Estate Investment Trust?: Shares of ERE.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:ERE.UN) was last updated on 12/9/2023 by MarketBeat.com Staff

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