European Residential Real Estate Investment Trust (TSE:ERE.UN) Stock Price Up 0.9% – Here’s Why

European Residential Real Estate Investment Trust (TSE:ERE.UN) shares rose 0.9% during trading on Friday . The company traded as high as C$1.18 and last traded at C$1.18. Approximately 27,552 shares traded hands during trading, a decline of 71% from the average daily volume of 94,462 shares. The stock had previously closed at C$1.17.

Wall Street Analyst Weigh In

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

European Residential Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. The stock’s 50 day moving average price is C$1.15 and its two-hundred day moving average price is C$1.56. The firm has a market capitalization of C$109.87 million, a price-to-earnings ratio of -2.57 and a beta of 1.38.

European Residential Real Estate Investment Trust (TSE:ERE.UN) last released its earnings results on Wednesday, November 5th. The company reported C($0.04) earnings per share for the quarter. European Residential Real Estate Investment Trust had a return on equity of 6.43% and a net margin of 29.74%.The firm had revenue of C$16.42 million for the quarter. On average, equities research analysts anticipate that European Residential Real Estate Investment Trust will post 0.1190476 EPS 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.