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

8 Wall Street analysts have issued 12 month price targets 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 anticipate the company's share price to reach C$3.19 in the next twelve months. This suggests a possible upside of 36.5% 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 2024?

European Residential Real Estate Investment Trust's stock was trading at C$2.58 at the beginning of 2024. Since then, ERE.UN shares have decreased by 9.3% and is now trading at C$2.34. View the best growth stocks for 2024 here .

How often does European Residential Real Estate Investment Trust pay dividends? What is the dividend yield for European Residential Real Estate Investment Trust?

European Residential Real Estate Investment Trust declared a monthly dividend on Tuesday, April 30th. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.01 per share on Wednesday, May 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Tuesday, April 30th. Read our dividend analysis for ERE.UN .

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$0.17 per share and currently has a dividend yield of 7.29%. ERE.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for 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 .

TSE:ERE.UN

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

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C$2.34

+0.01 (+0.43%)

(As of 06:28 PM ET)

Today's Range: C$2.33
▼
C$2.34
50-Day Range: C$2.24
▼
C$2.46
52-Week Range: C$2.12
▼
C$3.52

Volume: 4,420 shs
Average Volume: 53,196 shs
Market Capitalization: C$214.04 million

P/E Ratio: N/A
Dividend Yield: 7.26%
Price Target: C$3.19

Stock Analysis Analyst Forecasts Chart Dividend Headlines

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European Residential Real Estate Investment Trust MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 36.5% Upside
C$3.19 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.01
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.07 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
European Residential Real Estate Investment Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
European Residential Real Estate Investment Trust has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ERE.UN.

1.7

Dividend Strength

Dividend Leadership
European Residential Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 7.29%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
European Residential Real Estate Investment Trust does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ERE.UN.

2.8

News and Social Media Coverage

News Sentiment
European Residential Real Estate Investment Trust has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for European Residential Real Estate Investment Trust this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added European Residential Real Estate Investment Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, European Residential Real Estate Investment Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
13.65% 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 Institutions
Only 24.49% of the stock of European Residential Real Estate Investment Trust is held by institutions.

0.7

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of European Residential Real Estate Investment Trust is -3.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
European Residential Real Estate Investment Trust has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

April 15, 2024 | finanznachrichten.de

European Residential Real Estate Investment Trust: ERES REIT Declares April 2024 Monthly Distribution

March 14, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Nexus Real Estate Investment Amid Strong Fundamentals and Growth Prospects

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

February 26, 2024 | theglobeandmail.com

European Residential:Stocks Analysts Recently Upgraded on TSX (ERE-UN)

February 15, 2024 | theglobeandmail.com

ERES REIT Declares February 2024 Monthly Distribution

February 15, 2024 | seekingalpha.com

Essex Property Trust: Build And Buy Apartments Like A Pro

February 12, 2024 | msn.com

Residential Real Estate: Lucrative Investment Amidst Growth Surge

January 22, 2024 | bloomberg.com

Battered by Shocks, Europe’s REITs Face Death by Private Markets

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

January 3, 2024 | finance.yahoo.com

ERES REIT Announces Timing of Year End 2023 Results & Conference Call

December 20, 2023 | theglobeandmail.com

European Residential Real Estate Investment Trust Announces Conclusion of Strategic Review Process

December 1, 2023 | wsj.com

European Property Sector Set for Revival Next Year

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

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)

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Company Calendar

Today: 4/19/2024
Ex-Dividend for 5/15 Dividend: 4/30/2024
Dividend Payable: 5/15/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: N/A
Industry: N/A
Sub-Industry: 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$3.19
High Stock Price Target: C$4.00
Low Stock Price Target: C$2.75
Potential Upside/Downside: +36.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.72)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 9.96
P/E Growth: N/A
Net Income: C$-114,230,000.00
Net Margins: -119.38%
Pretax Margin: N/A
Return on Equity: -23.37%
Return on Assets: 2.30%

Debt

Debt-to-Equity Ratio: 290.94
Current Ratio: 0.09
Quick Ratio: 0.20

Sales & Book Value

Annual Sales: C$95.68 million
Price / Sales: 2.24
Cash Flow: C$0.16 per share
Price / Cash Flow: 14.22
Book Value: C$4.67 per share
Price / Book: 0.50

Miscellaneous

Outstanding Shares: 91,470,000
Free Float: N/A
Market Cap: C$214.04 million
Optionable: Not Optionable
Beta: 1.21

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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?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for European Residential Real Estate Investment Trust in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?: 8 Wall Street analysts have issued 12 month price targets 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 anticipate the company's share price to reach C$3.19 in the next twelve months. This suggests a possible upside of 36.5% 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 2024?: European Residential Real Estate Investment Trust's stock was trading at C$2.58 at the beginning of 2024. Since then, ERE.UN shares have decreased by 9.3% and is now trading at C$2.34.
View the best growth stocks for 2024 here.
How often does European Residential Real Estate Investment Trust pay dividends? What is the dividend yield for European Residential Real Estate Investment Trust?: European Residential Real Estate Investment Trust declared a monthly dividend on Tuesday, April 30th. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.01 per share on Wednesday, May 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Tuesday, April 30th.
Read our dividend analysis for ERE.UN.

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$0.17 per share and currently has a dividend yield of 7.29%. ERE.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for 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.

This page (TSE:ERE.UN) was last updated on 4/19/2024 by MarketBeat.com Staff

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