European Residential Real Estate Investment Trust (TSE:ERE.UN) Shares Up 0.9% – What’s Next?

European Residential Real Estate Investment Trust (TSE:ERE.UN)’s stock price was up 0.9% on Friday . The stock traded as high as C$1.11 and last traded at C$1.11. Approximately 134,951 shares were traded during trading, a decline of 48% from the average daily volume of 259,720 shares. The stock had previously closed at C$1.10.

Analyst Ratings Changes

A number of brokerages recently issued reports on ERE.UN. Cormark dropped their price target on shares of European Residential Real Estate Investment Trust from C$2.90 to C$1.60 in a research note on Monday, September 29th. Royal Bank Of Canada decreased their target price on shares of European Residential Real Estate Investment Trust from C$2.45 to C$1.00 and set a “sector perform” rating for the company in a report on Wednesday, October 1st. CIBC cut shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a report on Friday, November 7th. Scotiabank decreased their price objective on shares of European Residential Real Estate Investment Trust from C$2.85 to C$1.25 in a report on Friday, October 17th. Finally, Raymond James Financial lowered European Residential Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$3.00 to C$2.75 in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$1.52.

European Residential Real Estate Investment Trust Trading Up 0.9%

The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. The stock’s 50-day moving average is C$1.18 and its two-hundred day moving average is C$2.04. The company has a market cap of C$102.53 million, a P/E ratio of -2.42 and a beta of 1.72.

European Residential Real Estate Investment Trust (TSE:ERE.UN) last posted its earnings results on Wednesday, November 5th. The company reported C($0.04) EPS for the quarter. The company had revenue of C$16.42 million during the quarter. European Residential Real Estate Investment Trust had a return on equity of 6.43% and a net margin of 29.74%. As a group, equities research analysts predict that European Residential Real Estate Investment Trust will post 0.1190476 earnings per share for the current fiscal year.

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.