European Residential Real Estate Investment Trust (TSE:ERE.UN) Trading Up 0.9% – Time to Buy?

European Residential Real Estate Investment Trust (TSE:ERE.UN)’s stock price shot up 0.9% during trading on Friday . The company traded as high as C$1.18 and last traded at C$1.18. 27,552 shares were traded during mid-day trading, a decline of 71% from the average session volume of 94,462 shares. The stock had previously closed at C$1.17.

Analysts Set New Price Targets

ERE.UN has been the topic of several recent analyst reports. Scotiabank dropped their target price on European Residential Real Estate Investment Trust from C$2.85 to C$1.25 in a research report on Friday, October 17th. Canadian Imperial Bank of Commerce downgraded European Residential Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a research note on Friday, November 7th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$1.52.

European Residential Real Estate Investment Trust Trading Up 0.9%

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 business’s fifty day moving average is C$1.15 and its 200 day moving average is C$1.56. The stock has a market cap of C$109.87 million, a PE ratio of -2.57 and a beta of 1.38.

European Residential Real Estate Investment Trust (TSE:ERE.UN) last issued its earnings results on Wednesday, November 5th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$16.42 million during the quarter. European Residential Real Estate Investment Trust had a net margin of 29.74% and a return on equity of 6.43%. As a group, analysts predict that European Residential Real Estate Investment Trust will post 0.1190476 earnings per share for the current year.

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. 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.