European Residential Real Estate Investment Trust (TSE:ERE.UN) Shares Up 1.2% – What’s Next?

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) were up 1.2% on Thursday . The company traded as high as C$2.52 and last traded at C$2.51. Approximately 77,281 shares changed hands during trading, a decline of 80% from the average daily volume of 391,236 shares. The stock had previously closed at C$2.48.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TD Securities lowered shares of European Residential Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$2.75 price target on the stock. in a research note on Thursday, February 20th. Raymond James dropped their price target on shares of European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$3.18.

European Residential Real Estate Investment Trust Trading Up 0.4 %

The firm has a market cap of C$231.84 million, a PE ratio of 13.26 and a beta of 1.28. The business has a 50-day moving average price of C$2.45 and a two-hundred day moving average price of C$3.00. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20.

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.