European Commercial REIT (TSE:ERE) Downgraded by Echelon Wealth Partners

Posted by on Aug 6th, 2023

Echelon Wealth Partners downgraded shares of European Commercial REIT (TSE:ERE – Free Report) from a buy rating to a hold rating in a report released on Thursday morning, PriceTargets.com reports.

Separately, Desjardins cut European Commercial REIT from a buy rating to a hold rating in a research note on Sunday, May 14th.

European Commercial REIT Stock Performance

European Commercial REIT (TSE:ERE – Get Free Report) last issued its quarterly earnings data on Wednesday, May 10th. The company reported C($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.72). The firm had revenue of C$33.95 million for the quarter, compared to analyst estimates of C$34.12 million.

European Commercial REIT Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.015 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of ∞. This is a boost from European Commercial REIT’s previous monthly dividend of $0.01. The ex-dividend date is Friday, July 28th.

Read More

Receive News & Ratings for European Commercial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for European Commercial REIT and related companies with MarketBeat.com's FREE daily email newsletter.