European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report) shares dropped 0.4% during mid-day trading on Monday . The stock traded as low as C$2.51 and last traded at C$2.54. Approximately 177,528 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 366,677 shares. The stock had previously closed at C$2.55.
Analysts Set New Price Targets
ERE.UN has been the subject of several recent research 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 target price for the company. in a report on Thursday, February 20th. Raymond James reduced their price objective on shares of 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 note on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their target price on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, European Residential Real Estate Investment Trust presently has an average rating of "Moderate Buy" and a consensus target price of C$3.18.
View Our Latest Stock Report on ERE.UN
European Residential Real Estate Investment Trust Stock Performance
The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. The stock's 50 day moving average price is C$2.50 and its 200 day moving average price is C$2.87. The company has a market capitalization of C$234.60 million, a P/E ratio of 13.42 and a beta of 1.28.
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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