European Residential Real Estate Investment Trust (TSE:ERE.UN) PT Raised to C$3.50 at TD Securities

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its target price lifted by TD Securities from C$3.25 to C$3.50 in a research note released on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Raymond James upgraded European Residential Real Estate Investment Trust from a market perform rating to an outperform rating and boosted their price objective for the stock from C$2.75 to C$3.25 in a report on Tuesday, July 16th. Scotiabank downgraded shares of European Residential Real Estate Investment Trust from an outperform rating to a sector perform rating and lowered their price objective for the company from C$3.50 to C$3.00 in a research report on Monday, May 6th. Finally, Ventum Financial boosted their price objective on shares of European Residential Real Estate Investment Trust from C$3.00 to C$3.25 in a research report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, European Residential Real Estate Investment Trust has a consensus rating of Moderate Buy and an average target price of C$3.25.

European Residential Real Estate Investment Trust Trading Up 0.7 %

Shares of TSE:ERE.UN opened at C$2.75 on Thursday. European Residential Real Estate Investment Trust has a 12-month low of C$2.12 and a 12-month high of C$2.82. The stock has a market cap of C$252.34 million, a PE ratio of 27.50 and a beta of 1.26. The business has a 50 day moving average of C$2.48 and a 200-day moving average of C$2.40. The company has a quick ratio of 0.20, a current ratio of 0.04 and a debt-to-equity ratio of 272.09.

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.