European Residential Real Estate Investment Trust (TSE:ERE.UN) Lowered to “Neutral” Rating by CIBC

CIBC cut shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) from an outperform rating to a neutral rating in a research report report published on Friday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. Cormark reduced their target price on shares of European Residential Real Estate Investment Trust from C$2.90 to C$1.60 in a research note on Monday, September 29th. TD Securities reduced their price objective on European Residential Real Estate Investment Trust from C$2.75 to C$1.25 and set a “hold” rating for the company in a research report on Tuesday, September 30th. Scotiabank decreased their price objective on European Residential Real Estate Investment Trust from C$2.85 to C$1.25 in a report on Friday, October 17th. Royal Bank Of Canada cut their target price on European Residential Real Estate Investment Trust from C$2.45 to C$1.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 1st. Finally, Raymond James Financial downgraded European Residential Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$3.00 to C$2.75 in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$1.52.

European Residential Real Estate Investment Trust Stock Up 0.9%

Shares of TSE:ERE.UN traded up C$0.01 during trading on Friday, hitting C$1.09. 290,638 shares of the company’s stock traded hands, compared to its average volume of 265,613. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. European Residential Real Estate Investment Trust has a 52 week low of C$0.98 and a 52 week high of C$3.99. The company has a 50-day moving average price of C$1.59 and a 200-day moving average price of C$2.19. The company has a market cap of C$101.49 million, a price-to-earnings ratio of -1.71 and a beta of 1.72.

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.