BSR Real Estate Investment Trust (TSE:ERE.UN – Get Rating) had its target price reduced by analysts at Raymond James from C$5.25 to C$5.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 56.74% from the company’s previous close.
ERE.UN has been the subject of several other reports. CIBC reduced their price target on BSR Real Estate Investment Trust from C$5.35 to C$4.75 in a research report on Friday, August 5th. National Bankshares increased their price objective on BSR Real Estate Investment Trust from C$3.75 to C$3.95 and gave the company a “sector perform” rating in a report on Friday, August 5th. Finally, Scotiabank lowered their target price on shares of BSR Real Estate Investment Trust from C$5.25 to C$5.00 in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.02.
BSR Real Estate Investment Trust Stock Down 2.1 %
Shares of ERE.UN stock traded down C$0.07 on Tuesday, hitting C$3.19. 116,364 shares of the stock were exchanged, compared to its average volume of 82,528. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 256.20. The firm has a market capitalization of C$286.19 million and a P/E ratio of 2.82. BSR Real Estate Investment Trust has a fifty-two week low of C$3.17 and a fifty-two week high of C$5.06. The business has a 50-day moving average of C$3.57 and a 200 day moving average of C$4.18.
BSR Real Estate Investment Trust Company Profile
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.
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