European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report) dropped 0.4% on Monday . The stock traded as low as C$2.51 and last traded at C$2.54. Approximately 177,528 shares changed hands during trading, a decline of 52% from the average daily volume of 366,677 shares. The stock had previously closed at C$2.55.
Analyst Ratings Changes
Several equities analysts have issued reports on ERE.UN shares. Royal Bank of Canada dropped their price target on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday, January 7th. Raymond James lowered 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 research report on Wednesday, January 8th. Finally, TD Securities lowered European Residential Real Estate Investment Trust from a "buy" rating to a "hold" rating and set a C$2.75 price target on the stock. in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$3.18.
Read Our Latest Research Report on European Residential Real Estate Investment Trust
European Residential Real Estate Investment Trust Price Performance
The stock has a market capitalization of C$233.68 million, a P/E ratio of 13.37 and a beta of 1.28. The business has a fifty day simple moving average of C$2.50 and a 200 day simple moving average of C$2.88. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06.
About European Residential Real Estate Investment Trust
(
Get Free Report)
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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