European Residential Real Estate Investment Trust (TSE:ERE.UN) Shares Down 0.3%

European Residential Real Estate Investment Trust logoEuropean Residential Real Estate Investment Trust (TSE:ERE.UN – Get Rating) shares were down 0.3% during trading on Monday . The company traded as low as C$3.33 and last traded at C$3.33. Approximately 11,474 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 77,120 shares. The stock had previously closed at C$3.34.

Analysts Set New Price Targets

A number of research analysts recently commented on ERE.UN shares. Cormark set a C$4.15 target price on European Residential Real Estate Investment Trust and gave the company a “buy” rating in a research note on Wednesday, March 22nd. National Bankshares upped their target price on shares of European Residential Real Estate Investment Trust from C$3.45 to C$3.70 and gave the company a “sector performing” rating in a research report on Monday, January 30th. Raymond James lowered their price objective on shares of European Residential Real Estate Investment Trust from C$4.50 to C$4.25 in a research note on Friday, February 17th. Finally, CIBC raised their target price on shares of European Residential Real Estate Investment Trust from C$4.25 to C$4.50 and gave the stock an “outperforming” rating in a report on Friday, February 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$4.44.

European Residential Real Estate Investment Trust Trading Down 0.3 %

The company has a quick ratio of 0.20, a current ratio of 0.14 and a debt-to-equity ratio of 234.20. The business’s 50 day moving average is C$3.38 and its 200-day moving average is C$3.27. The firm has a market cap of C$300.57 million, a P/E ratio of 4.38 and a beta of 1.18.

About European Residential Real Estate Investment Trust

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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.

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