European Commercial REIT (ERE) Set to Announce Quarterly Earnings on Wednesday

European Commercial REIT (TSE:ERE) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.06 per share for the quarter.

European Commercial REIT (TSE:ERE) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$0.11 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.05. The firm had revenue of C$36.04 million for the quarter.

European Commercial REIT Stock Performance

European Commercial REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.015 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.18 annualized dividend and a yield of ∞.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ERE. Desjardins upgraded shares of European Commercial REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, August 11th. Ventum Cap Mkts raised European Commercial REIT to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Raymond James raised European Commercial REIT from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th.