TD Securities Cuts European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target to C$1.19

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target cut by TD Securities from C$1.25 to C$1.19 in a research note published on Wednesday,BayStreet.CA reports. They currently have a sell rating on the stock.

Separately, Canadian Imperial Bank of Commerce downgraded European Residential Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a report on Friday, November 7th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, European Residential Real Estate Investment Trust currently has an average rating of “Reduce” and an average target price of C$1.56.

European Residential Real Estate Investment Trust Stock Performance

Shares of European Residential Real Estate Investment Trust stock opened at C$1.16 on Wednesday. The company has a 50 day simple moving average of C$1.16 and a two-hundred day simple moving average of C$1.38. European Residential Real Estate Investment Trust has a 1 year low of C$0.98 and a 1 year high of C$2.64. 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 firm has a market cap of C$108.00 million, a PE ratio of -3.85 and a beta of 1.17.

European Residential Real Estate Investment Trust (TSE:ERE.UN) last announced its quarterly earnings data on Wednesday, February 11th. The company reported C($0.12) EPS for the quarter. The firm had revenue of C$6.70 million for the quarter. European Residential Real Estate Investment Trust had a net margin of 29.74% and a return on equity of 6.43%. Analysts expect that European Residential Real Estate Investment Trust will post 0.1190476 earnings per share for the current fiscal 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.