European Residential Real Estate Investment Trust (TSE:ERE.UN) Shares Up 0.3% – Here’s What Happened

European Residential Real Estate Investment Trust (TSE:ERE.UN) was up 0.3% 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 mid-day trading, an increase of 43% from the average daily volume of 150,585 shares. The stock had previously closed at C$3.74.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ERE.UN. Raymond James increased their price objective on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. Scotiabank boosted their price target on shares of European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the company a “sector perform” rating in a research report on Wednesday, September 18th. Royal Bank of Canada boosted their target price 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 raised their price target on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Ventum Financial raised their price objective on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$3.58.

European Residential Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$345 million, a P/E 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. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06.

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.