European Residential Real Estate Investment Trust (TSE:ERE.UN) Downgraded to “Hold” Rating by TD Securities

European Residential Real Estate Investment Trust (TSE:ERE.UN) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$2.75 price target on the stock. TD Securities’ target price points to a potential upside of 9.56% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada cut their price objective on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a report on Tuesday, January 7th. Raymond James cut their price target on shares of European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$3.11.

European Residential Real Estate Investment Trust Trading Up 1.6 %

Shares of TSE:ERE.UN opened at C$2.51 on Thursday. The business’s 50-day moving average is C$2.80 and its 200 day moving average is C$3.02. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. European Residential Real Estate Investment Trust has a 1 year low of C$2.23 and a 1 year high of C$3.99. The firm has a market capitalization of C$230.92 million, a P/E ratio of 13.21 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.