TSE:ERE.UN European Residential Real Estate Investment Trust (ERE.UN) Stock Forecast, Price & News C$2.98 +0.01 (+0.34%) (As of 06/1/2023 08:55 PM ET) Add Share Share Today's RangeC$2.95▼C$3.0350-Day RangeC$2.94▼C$3.4952-Week RangeC$2.70▼C$4.65Volume41,262 shsAverage Volume73,933 shsMarket CapitalizationC$269.72 millionP/E Ratio11.04Dividend Yield6.04%Price TargetC$4.36 ProfileProfileAnalyst RatingsChartHeadlinesSocial MediaProfileAnalyst RatingsChartHeadlinesSocial Media European Residential Real Estate Investment Trust MarketRank™ ForecastAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside46.2% UpsideC$4.36 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.06 out of 5 stars 3.4 Analyst's Opinion Consensus RatingEuropean Residential Real Estate Investment Trust has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$4.36, European Residential Real Estate Investment Trust has a forecasted upside of 46.2% from its current price of C$2.98.Amount of Analyst CoverageEuropean Residential Real Estate Investment Trust has only been the subject of 3 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for ERE.UN. Previous Next 2.5 Dividend Strength Dividend LeadershipEuropean Residential Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 5.82%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEuropean Residential Real Estate Investment Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of European Residential Real Estate Investment Trust is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ERE.UN. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for European Residential Real Estate Investment Trust this week, compared to 0 articles on an average week. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, European Residential Real Estate Investment Trust insiders have not sold or bought any company stock.Percentage Held by Insiders13.93% of the stock of European Residential Real Estate Investment Trust is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 27.37% of the stock of European Residential Real Estate Investment Trust is held by institutions. Previous Next 1.4 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of European Residential Real Estate Investment Trust is 11.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.59.Price to Book Value per Share RatioEuropean Residential Real Estate Investment Trust has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About European Residential Real Estate Investment Trust (TSE:ERE.UN) StockEuropean 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.Read More Receive ERE.UN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for European Residential Real Estate Investment Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address ERE.UN Stock News HeadlinesJune 1, 2023 | benzinga.comEuropean Residential Real Estate Investment Trust Announces Results of 2023 Annual MeetingMay 20, 2023 | americanbankingnews.comEuropean Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Cut to C$4.00June 2, 2023 | Behind the Markets (Ad)BREAKING: The truth about war with ChinaForeign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.May 20, 2023 | americanbankingnews.comEuropean Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Lowered to C$3.35 at National BanksharesMay 19, 2023 | msn.comSouthern Europe leads the way in interest in rental housing investmentMay 15, 2023 | benzinga.comERES REIT Declares May 2023 Monthly DistributionMay 14, 2023 | americanbankingnews.comBrokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target at C$4.44May 10, 2023 | markets.businessinsider.comEuropean Commercial Real Estate Ltd (ERE.UN) Receives a Buy from Echelon Wealth PartnersJune 2, 2023 | Behind the Markets (Ad)⚡ 2,467% Return on Israeli Laser Company?This advanced laser system is active in 80 countries around the world. And at the center of this massive market is a small firm in Israel. Our research shows that anyone who gets in today could see a return of 2,467%. But that's only if the company doesn't get taken over for a fast 300% gain first.May 5, 2023 | theglobeandmail.comClosing Bell: European Residential Real Estate Invs. Trust up on Friday (ERE-UN)April 27, 2023 | bloomberg.comShort European Real Estate? Beware. So Is Everyone ElseApril 27, 2023 | msn.comEuropean commercial real estate investment slumps to 11-year low in Q1 2023April 26, 2023 | theglobeandmail.comClosing Bell: European Residential Real Estate Invs. Trust down on Wednesday (ERE-UN)April 25, 2023 | money.usnews.comCommercial Real Estate Loans in Core Europe Face $55 Billion Funding Gap, Report SaysApril 21, 2023 | americanbankingnews.comBrokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Target Price at C$4.44April 19, 2023 | theglobeandmail.comClosing Bell: European Residential Real Estate Invs. Trust up on Tuesday (ERE-UN)April 17, 2023 | finance.yahoo.comERES REIT Declares April 2023 Monthly DistributionApril 15, 2023 | theglobeandmail.comClosing Bell: European Residential Real Estate Invs. Trust flat on Friday (ERE-UN)April 6, 2023 | theglobeandmail.comClosing Bell: European Residential Real Estate Invs. Trust up on Wednesday (ERE-UN)March 31, 2023 | bloomberg.comA Real Estate Crunch in the Heart of EuropeMarch 28, 2023 | theglobeandmail.comClosing Bell: European Residential Real Estate Invs. Trust down on Monday (ERE-UN)March 27, 2023 | americanbankingnews.comBrokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) PT at C$4.44March 24, 2023 | americanbankingnews.comCormark Analysts Give European Residential Real Estate Investment Trust (TSE:ERE.UN) a C$4.15 Price TargetMarch 23, 2023 | finance.yahoo.comERES REIT Announces Timing of First Quarter 2023 Results & Conference CallMarch 21, 2023 | bizjournals.comLouisville Residential Real Estate NewsMarch 20, 2023 | benzinga.comFirst Trust Dynamic Europe Equity Income Fund Declares its Monthly Common Share Distribution of $0.07 Per Share for AprilFebruary 18, 2023 | seekingalpha.comERE.UN:CA European Residential Real Estate Investment TrustSee More Headlines ERE.UN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Industry, Sector and Symbol Stock ExchangeTSE Industry N/A Sub-IndustryN/A SectorN/A Current SymbolTSE:ERE.UN CUSIPN/A CIKN/A WebN/A PhoneN/AFaxN/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price ForecastC$4.36 High Stock Price ForecastC$5.00 Low Stock Price ForecastC$3.35 Forecasted Upside/Downside+43.8%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.27 Trailing P/E Ratio11.22 Forward P/E Ratio13.16 P/E GrowthN/ANet IncomeC$41.80 million Net Margins45.74% Pretax MarginN/A Return on Equity9.84% Return on Assets2.08% Debt Debt-to-Equity Ratio295.04 Current Ratio0.10 Quick Ratio0.20 Sales & Book Value Annual SalesC$91.38 million Price / Sales3.00 Cash FlowC$0.21 per share Price / Cash Flow14.22 Book ValueC$4.88 per share Price / Book0.62Miscellaneous Outstanding Shares90,510,000Free FloatN/AMarket CapC$274.25 million OptionableNot Optionable Beta1.18 ERE.UN Stock - Frequently Asked Questions Should I buy or sell European Residential Real Estate Investment Trust stock right now? 6 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 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "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 forecast for 2023? 6 equities research analysts have issued 1-year price objectives for European Residential Real Estate Investment Trust's stock. Their ERE.UN share price forecasts range from C$3.35 to C$5.00. On average, they anticipate the company's stock price to reach C$4.36 in the next year. This suggests a possible upside of 43.8% 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 the year. Since then, ERE.UN shares have increased by 0.0% and is now trading at C$3.03. 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 5.82%. ERE.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. What is European Residential Real Estate Investment Trust's stock symbol? European Residential Real Estate Investment Trust trades on the Toronto Stock Exchange (TSX) under the ticker symbol "ERE.UN." 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. What is European Residential Real Estate Investment Trust's stock price today? One share of ERE.UN stock can currently be purchased for approximately C$3.03. How much money does European Residential Real Estate Investment Trust make? European Residential Real Estate Investment Trust (TSE:ERE.UN) has a market capitalization of C$274.25 million and generates C$91.38 million in revenue each year. The company earns C$41.80 million in net income (profit) each year or C$0.27 on an earnings per share basis. 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