European Residential Real Estate Investment Trust (TSE:ERE.UN) Trading Up 0.3% – Should You Buy?

European Residential Real Estate Investment Trust (TSE:ERE.UN) shares were up 0.3% during trading on Tuesday . The stock traded as high as C$3.80 and last traded at C$3.75. Approximately 215,052 shares were traded during trading, an increase of 43% from the average daily volume of 150,585 shares. The stock had previously closed at C$3.74.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ERE.UN. Royal Bank of Canada boosted their price target on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research report on Friday, November 8th. TD Securities boosted their target price on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Raymond James increased their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. Scotiabank boosted their price objective on shares of European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the stock a “sector perform” rating in a research note on Wednesday, September 18th. Finally, CIBC reduced their price target on European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating for the company in a report on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.58.

European Residential Real Estate Investment Trust Price Performance

The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06. The stock has a market capitalization of C$345 million, a price-to-earnings ratio of 19.74 and a beta of 1.28. The business’s 50 day simple moving average is C$3.33 and its 200-day simple moving average is C$2.84.

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.