European Residential Real Estate Investment Trust (TSE:ERE.UN) Cut to Hold at TD Securities

TD Securities lowered shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) from a buy rating to a hold rating in a research report report published on Thursday morning,BayStreet.CA reports. They currently have C$2.75 price target on the stock.

A number of other equities research analysts also recently issued reports on ERE.UN. Royal Bank of Canada cut 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 cut their price objective 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.11.

European Residential Real Estate Investment Trust Price Performance

TSE ERE.UN opened at C$2.47 on Thursday. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. The firm has a market capitalization of C$227.24 million, a price-to-earnings ratio of 13.00 and a beta of 1.28. The company has a 50 day simple moving average of C$2.80 and a 200-day simple moving average of C$3.02. European Residential Real Estate Investment Trust has a 52-week low of C$2.23 and a 52-week high of C$3.99.

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.