European Residential Real Estate Investment Trust (TSE:ERE.UN) Stock Price Up 1.2% – Time to Buy?

European Residential Real Estate Investment Trust (TSE:ERE.UN) was up 1.2% during trading 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 analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research report on Tuesday, January 7th. Raymond James lowered their target price 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 report on Wednesday, January 8th. Finally, TD Securities downgraded European Residential Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$2.75 target price on the stock. in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$3.18.

European Residential Real Estate Investment Trust Price Performance

The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The stock has a market capitalization of C$230.92 million, a PE ratio of 13.21 and a beta of 1.28. The business has a fifty day moving average price of C$2.45 and a 200-day moving average price of C$3.00.

About European Residential Real Estate Investment Trust

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.