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 upped by TD Securities from C$3.25 to C$3.50 in a report released on Thursday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research analysts also recently commented on ERE.UN. Raymond James raised European Residential Real Estate Investment Trust from a market perform rating to an outperform rating and raised their price objective for the stock from C$2.75 to C$3.25 in a research note on Tuesday, July 16th. Ventum Financial raised their price objective on European Residential Real Estate Investment Trust from C$3.00 to C$3.25 in a research note on Tuesday, July 16th. Finally, Scotiabank downgraded European Residential Real Estate Investment Trust from an outperform rating to a sector perform rating and decreased their target price for the company from C$3.50 to C$3.00 in a research note on Monday, May 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$3.25.

European Residential Real Estate Investment Trust Stock Up 0.7 %

TSE ERE.UN opened at C$2.75 on Thursday. The stock’s 50-day moving average price is C$2.48 and its 200-day moving average price is 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 has a 52 week low of C$2.12 and a 52 week high of C$2.82. The company has a market capitalization of C$252.34 million, a P/E ratio of 27.50 and a beta of 1.26.

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.