European Residential Real Estate Investment Trust (TSE:ERE.UN) Given New C$1.19 Price Target at TD Securities

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its target price cut by TD Securities from C$1.25 to C$1.19 in a research note published on Wednesday,BayStreet.CA reports. They currently have a sell rating on the stock.

Separately, Canadian Imperial Bank of Commerce cut European Residential Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a research report on Friday, November 7th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of C$1.56.

European Residential Real Estate Investment Trust Stock Performance

Shares of European Residential Real Estate Investment Trust stock opened at C$1.16 on Wednesday. The company has a 50-day moving average of C$1.16 and a two-hundred day moving average of C$1.39. European Residential Real Estate Investment Trust has a 12-month low of C$0.98 and a 12-month high of C$2.64. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The stock has a market cap of C$108.00 million, a PE ratio of -3.85 and a beta of 1.38.

European Residential Real Estate Investment Trust (TSE:ERE.UN) last released its quarterly earnings results on Wednesday, February 11th. The company reported C($0.12) earnings per share for the quarter. The firm had revenue of C$6.70 million during the quarter. European Residential Real Estate Investment Trust had a return on equity of 6.43% and a net margin of 29.74%. On average, research 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.