European Residential Real Estate Investment Trust (TSE:ERE.UN) Given Consensus Rating of “Moderate Buy” by Analysts

European Residential Real Estate Investment Trust (TSE:ERE.UN) has received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$3.18.

ERE.UN has been the topic of a number of analyst reports. TD Securities cut shares of European Residential Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$2.75 price objective on the stock. in a report on Thursday, February 20th. Royal Bank of Canada dropped their price target on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday, January 7th. Finally, Raymond James reduced their price objective on European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th.

European Residential Real Estate Investment Trust Price Performance

Shares of TSE ERE.UN opened at C$2.51 on Wednesday. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. The firm has a market capitalization of C$230.92 million, a PE ratio of 13.21 and a beta of 1.28. European Residential Real Estate Investment Trust has a 1-year low of C$2.23 and a 1-year high of C$3.99. The business’s fifty day moving average price is C$2.75 and its two-hundred day moving average price is C$3.02.

European Residential Real Estate Investment Trust Company Profile

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.