European Residential Real Estate Investment Trust (TSE:ERE.UN) Trading Down 3.1% – Should You Sell?

European Residential Real Estate Investment Trust (TSE:ERE.UN)’s share price fell 3.1% on Monday . The stock traded as low as C$2.45 and last traded at C$2.48. 784,907 shares changed hands during trading, an increase of 58% from the average session volume of 495,278 shares. The stock had previously closed at C$2.56.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada decreased their target price on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research report on Tuesday, January 7th. Raymond James dropped their target price on shares of European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, TD Securities lifted their target price on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, European Residential Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of C$3.29.

European Residential Real Estate Investment Trust Trading Down 3.1 %

The company has a fifty day simple moving average of C$2.90 and a two-hundred day simple moving average of C$3.03. The company has a market capitalization of C$228.16 million, a P/E ratio of 13.05 and a beta of 1.28. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20.

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.