European Residential Real Estate Investment Trust (TSE:ERE.UN) Trading Down 0.5% – Should You Sell?

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) were down 0.5% on Friday . The company traded as low as C$3.77 and last traded at C$3.82. Approximately 272,038 shares were traded during trading, an increase of 59% from the average daily volume of 171,136 shares. The stock had previously closed at C$3.84.

Analyst Ratings Changes

ERE.UN has been the topic of several analyst reports. Raymond James raised their target price on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. TD Securities raised their price objective on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a report on Tuesday, November 12th. CIBC decreased their price objective on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research report on Wednesday, September 18th. Scotiabank increased their target price on European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the company a “sector perform” rating in a report on Wednesday, September 18th. Finally, Ventum Financial lifted their price target on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, European Residential Real Estate Investment Trust has an average rating of “Moderate Buy” and an average target price of C$3.58.

European Residential Real Estate Investment Trust Stock Down 0.5 %

The firm’s 50 day simple moving average is C$3.50 and its 200-day simple moving average is C$3.00. The company has a market cap of C$351.44 million, a price-to-earnings ratio of 20.11 and a beta of 1.28. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20.

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.