European Residential Real Estate Investment Trust (TSE:ERE.UN) Stock Price Down 0.8% – Time to Sell?

European Residential Real Estate Investment Trust (TSE:ERE.UN)’s share price traded down 0.8% on Wednesday . The stock traded as low as C$1.17 and last traded at C$1.17. 11,339 shares were traded during trading, a decline of 88% from the average session volume of 93,416 shares. The stock had previously closed at C$1.18.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Scotiabank cut their target price on shares of European Residential Real Estate Investment Trust from C$2.85 to C$1.25 in a research note on Friday, October 17th. Cormark cut their price objective on European Residential Real Estate Investment Trust from C$2.90 to C$1.60 in a research report on Monday, September 29th. CIBC lowered European Residential Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a report on Friday, November 7th. Royal Bank Of Canada dropped their price target on European Residential Real Estate Investment Trust from C$2.45 to C$1.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 1st. Finally, TD Securities reduced their price objective on shares of European Residential Real Estate Investment Trust from C$2.75 to C$1.25 and set a “hold” rating for the company in a research report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$1.52.

European Residential Real Estate Investment Trust Stock Performance

The company has a market cap of C$108.93 million, a P/E ratio of -2.55 and a beta of 1.65. The stock has a 50 day moving average price of C$1.12 and a two-hundred day moving average price of C$1.72. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06.

European Residential Real Estate Investment Trust (TSE:ERE.UN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C($0.04) EPS for the quarter. European Residential Real Estate Investment Trust had a net margin of 29.74% and a return on equity of 6.43%. The firm had revenue of C$16.42 million during the quarter. On average, 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. ERES owns a portfolio of 137 multi-residential properties, comprised of 5,865 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium.