European Residential Real Estate Investment Trust (TSE:ERE.UN – Get 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
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
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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