European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report)'s stock price dropped 2% during trading on Friday . The stock traded as low as C$2.40 and last traded at C$2.48. Approximately 1,591,304 shares traded hands during trading, an increase of 333% from the average daily volume of 367,581 shares. The stock had previously closed at C$2.53.
Analyst Ratings Changes
ERE.UN has been the topic of a number of research reports. TD Securities lowered shares of European Residential Real Estate Investment Trust from a "buy" rating to a "hold" rating and set a C$2.75 target price on the stock. in a research note on Thursday, February 20th. Royal Bank of Canada lowered their price objective on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday, January 7th. Finally, Raymond James dropped their target price on European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$3.18.
Check Out Our Latest Research Report on ERE.UN
European Residential Real Estate Investment Trust Stock Up 3.8 %
The firm has a market cap of C$223.56 million, a PE ratio of 12.79 and a beta of 1.28. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The firm has a 50 day moving average price of C$2.49 and a 200-day moving average price of C$2.95.
About European Residential Real Estate Investment Trust
(
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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.
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