European Residential Real Estate Investment Trust (TSE:ERE.UN) Stock Price Up 0.9% – Should You Buy?

European Residential Real Estate Investment Trust (TSE:ERE.UN) shot up 0.9% during mid-day trading on Friday . The stock traded as high as C$1.11 and last traded at C$1.11. 134,951 shares were traded during trading, a decline of 48% from the average session volume of 259,720 shares. The stock had previously closed at C$1.10.

Analyst Ratings Changes

A number of brokerages have commented on ERE.UN. TD Securities reduced their target price on shares of European Residential Real Estate Investment Trust from C$2.75 to C$1.25 and set a “hold” rating for the company in a report on Tuesday, September 30th. Royal Bank Of Canada reduced their price objective on European Residential Real Estate Investment Trust from C$2.45 to C$1.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 1st. Scotiabank lowered their target price on European Residential Real Estate Investment Trust from C$2.85 to C$1.25 in a research report on Friday, October 17th. Raymond James Financial lowered European Residential Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$3.00 to C$2.75 in a report on Wednesday, August 13th. Finally, CIBC downgraded European Residential Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a research note on Friday, November 7th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$1.52.

European Residential Real Estate Investment Trust Stock Performance

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 business’s 50 day moving average is C$1.18 and its two-hundred day moving average is C$2.04. The company has a market cap of C$102.53 million, a PE ratio of -2.42 and a beta of 1.72.

European Residential Real Estate Investment Trust (TSE:ERE.UN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$16.42 million during the quarter. European Residential Real Estate Investment Trust had a return on equity of 6.43% and a net margin of 29.74%. On average, equities research analysts anticipate that European Residential Real Estate Investment Trust will post 0.1190476 EPS for the current year.

About European Residential Real Estate Investment Trust

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.