European Residential Real Estate Investment Trust (TSE:ERE.UN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$3.29.

Several analysts have weighed in on ERE.UN shares. Royal Bank of Canada dropped their target price on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research report on Tuesday, January 7th. Raymond James decreased their price objective on shares of European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, TD Securities lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

European Residential Real Estate Investment Trust Stock Down 2.5 %

Shares of European Residential Real Estate Investment Trust stock opened at C$2.37 on Friday. The firm’s 50 day moving average price is C$3.22 and its 200-day moving average price is C$3.04. 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 has a 52-week low of C$2.23 and a 52-week high of C$3.99. The company has a market cap of C$218.04 million, a P/E ratio of 12.47 and a beta of 1.28.

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.