European Residential Real Estate Investment Trust (TSE:ERE.UN) Shares Down 0.5% – Time to Sell?

European Residential Real Estate Investment Trust (TSE:ERE.UN)’s share price was down 0.5% during trading on Friday . The stock traded as low as C$3.77 and last traded at C$3.82. Approximately 272,038 shares were traded during trading, an increase of 59% from the average daily volume of 171,136 shares. The stock had previously closed at C$3.84.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Scotiabank upped their price target on European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the stock a “sector perform” rating in a research note on Wednesday, September 18th. Royal Bank of Canada upped their price objective on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research report on Friday, November 8th. Raymond James lifted their target price on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. Ventum Financial increased their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, CIBC lowered their price objective on European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a report on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, European Residential Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of C$3.58.

European Residential Real Estate Investment Trust Trading Down 0.5 %

The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06. The business’s fifty day moving average is C$3.50 and its 200 day moving average is C$3.00. The stock has a market cap of C$351.44 million, a PE ratio of 20.11 and a beta of 1.28.

About European Residential Real Estate Investment Trust

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.