European Residential Real Estate Investment Trust (TSE:ERE.UN) Stock Price Down 3.1% – Time to Sell?

European Residential Real Estate Investment Trust (TSE:ERE.UN)’s stock price fell 3.1% during mid-day trading on Monday . The company traded as low as C$2.45 and last traded at C$2.48. 784,907 shares were traded during mid-day trading, an increase of 58% from the average session volume of 495,278 shares. The stock had previously closed at C$2.56.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James cut 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 note on Wednesday, January 8th. TD Securities upped their price target 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. Finally, Royal Bank of Canada cut their price target on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$3.29.

European Residential Real Estate Investment Trust Trading Down 1.2 %

The firm’s fifty day simple moving average is C$2.83 and its 200-day simple moving average is C$3.02. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. The stock has a market cap of C$230 million, a P/E ratio of 13.16 and a beta of 1.28.

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.