European Residential Real Estate Investment Trust (TSE:ERE.UN) Trading Down 0.9% – Should You Sell?

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) dropped 0.9% on Thursday . The company traded as low as C$1.16 and last traded at C$1.16. Approximately 254,844 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 183,648 shares. The stock had previously closed at C$1.17.

Wall Street Analyst Weigh In

ERE.UN has been the subject of several recent analyst reports. TD Securities reduced their price objective on shares of European Residential Real Estate Investment Trust from C$1.25 to C$1.19 and set a “sell” rating for the company in a research report on Wednesday, March 4th. Desjardins downgraded shares of European Residential Real Estate Investment Trust from a “hold” rating to a “tender” rating and lifted their price target for the company from C$1.20 to C$1.90 in a research note on Wednesday, March 4th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, European Residential Real Estate Investment Trust has an average rating of “Reduce” and a consensus target price of C$1.56.

European Residential Real Estate Investment Trust Stock Up 0.9%

The stock’s 50 day simple moving average is C$1.16 and its 200 day simple moving average is C$1.24. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. The firm has a market cap of C$108.93 million, a P/E ratio of -3.89 and a beta of 1.17.

European Residential Real Estate Investment Trust (TSE:ERE.UN) last announced its earnings results on Wednesday, February 11th. The company reported C($0.12) EPS for the quarter. The company 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%. 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.