European Residential Real Estate Investment Trust (TSE:ERE.UN) Shares Down 0.9% – Time to Sell?

European Residential Real Estate Investment Trust (TSE:ERE.UN)’s stock price traded down 0.9% during trading on Thursday . The stock traded as low as C$1.16 and last traded at C$1.16. 254,844 shares changed hands during trading, an increase of 39% from the average session volume of 183,648 shares. The stock had previously closed at C$1.17.

Analyst Ratings Changes

A number of analysts have recently weighed in on ERE.UN shares. TD Securities dropped their price target on European Residential Real Estate Investment Trust from C$1.25 to C$1.19 and set a “sell” rating on the stock in a research report on Wednesday, March 4th. Desjardins downgraded European Residential Real Estate Investment Trust from a “hold” rating to a “tender” rating and upped their price objective for the stock from C$1.20 to C$1.90 in a research note on Wednesday, March 4th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, European Residential Real Estate Investment Trust currently has an average rating of “Reduce” and a consensus price target of C$1.56.

European Residential Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$108.00 million, a P/E ratio of -3.85 and a beta of 1.17. The company’s 50-day moving average is C$1.16 and its two-hundred day moving average is C$1.25. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06.

European Residential Real Estate Investment Trust (TSE:ERE.UN) last posted its earnings results on Wednesday, February 11th. The company reported C($0.12) earnings per share (EPS) for the quarter. European Residential Real Estate Investment Trust had a net margin of 29.74% and a return on equity of 6.43%. The firm had revenue of C$6.70 million for the quarter. As a group, sell-side analysts anticipate that European Residential Real Estate Investment Trust will post 0.1190476 EPS for the current fiscal 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. ERES owns a portfolio of 137 multi-residential properties, comprised of 5,865 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium.