TD Securities Lowers European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target to C$1.19

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price objective dropped by analysts at TD Securities from C$1.25 to C$1.19 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “sell” rating on the stock. TD Securities’ price target points to a potential upside of 2.59% from the company’s previous close.

Separately, Canadian Imperial Bank of Commerce downgraded shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, European Residential Real Estate Investment Trust presently has a consensus rating of “Reduce” and a consensus target price of C$1.56.

European Residential Real Estate Investment Trust Price Performance

Shares of ERE.UN stock opened at C$1.16 on Wednesday. European Residential Real Estate Investment Trust has a 52-week low of C$0.98 and a 52-week high of C$2.64. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. The firm has a market capitalization of C$108.00 million, a P/E ratio of -3.85 and a beta of 1.38. The stock has a 50 day moving average price of C$1.16 and a 200 day moving average price of C$1.38.

European Residential Real Estate Investment Trust (TSE:ERE.UN) last announced its quarterly earnings data on Wednesday, February 11th. The company reported C($0.12) 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 business had revenue of C$6.70 million during the quarter. As a group, sell-side analysts predict that European Residential Real Estate Investment Trust will post 0.1190476 earnings per share for the current 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.