European Residential Real Estate Investment Trust (TSE:ERE.UN) Stock Price Up 0.4% – What’s Next?

European Residential Real Estate Investment Trust (TSE:ERE.UNGet Free Report)’s share price rose 0.4% during mid-day trading on Friday . The stock traded as high as C$2.44 and last traded at C$2.43. Approximately 72,019 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 244,266 shares. The stock had previously closed at C$2.42.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial lowered shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$3.00 to C$2.75 in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$3.14.

Read Our Latest Research Report on ERE.UN

European Residential Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$226.28 million, a P/E ratio of -3.80 and a beta of 1.84. The business’s fifty day moving average is C$2.50 and its 200 day moving average is C$2.50. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06.

Insider Activity

In other European Residential Real Estate Investment Trust news, Director Lisa Maureen Russell sold 20,975 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$2.52, for a total value of C$52,857.00. Corporate insiders own 12.50% of the company’s stock.

European Residential Real Estate Investment Trust Company Profile

(Get Free Report)

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.

See Also

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