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

Posted by James Quigley on Feb 26th, 2025

European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) 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.

Check Out Our Latest Report on European Residential Real Estate Investment Trust

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

(Get Free Report

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.