European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report)'s share price was down 0.4% on Monday . The stock traded as low as C$2.51 and last traded at C$2.54. Approximately 177,528 shares traded hands 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
A number of brokerages have recently weighed in on ERE.UN. Raymond James dropped their price target on 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 report on Wednesday, January 8th. Royal Bank of Canada cut their target price on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday, January 7th. Finally, 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 for the company. in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$3.18.
Read Our Latest Report on European Residential Real Estate Investment Trust
European Residential Real Estate Investment Trust Trading Up 0.8 %
The company has a fifty day simple moving average of C$2.50 and a 200-day simple moving average of C$2.87. The stock has a market cap of C$235.52 million, a price-to-earnings ratio of 13.47 and a beta of 1.28. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06.
European Residential Real Estate Investment Trust Company Profile
(
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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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