BSR Real Estate Investment Trust (TSE:ERE.UN) Trading Up 1.3%
BSR Real Estate Investment Trust (TSE:ERE.UN – Get Rating) was up 1.3% during mid-day trading on Monday . The stock traded as high as C$3.98 and last traded at C$3.91. Approximately 21,752 shares traded hands during trading, a decline of 73% from the average daily volume of 80,072 shares. The stock had previously closed at C$3.86.
Several brokerages recently issued reports on ERE.UN. Scotiabank upped their target price on BSR Real Estate Investment Trust from C$5.50 to C$6.00 in a research report on Wednesday, February 23rd. Raymond James set a C$5.75 price objective on BSR Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Tuesday, May 3rd. CIBC lifted their price target on BSR Real Estate Investment Trust from C$5.75 to C$6.00 in a research note on Wednesday, May 4th. National Bankshares lifted their price target on BSR Real Estate Investment Trust from C$5.50 to C$5.80 and gave the company an “outperform” rating in a research note on Wednesday, May 4th. Finally, Royal Bank of Canada lifted their price objective on BSR Real Estate Investment Trust from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a report on Tuesday, February 22nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, BSR Real Estate Investment Trust currently has a consensus rating of “Buy” and an average target price of C$5.74.
The company has a market cap of C$349.86 million and a price-to-earnings ratio of 2.60. The stock’s fifty day simple moving average is C$4.58 and its two-hundred day simple moving average is C$4.54. The company has a debt-to-equity ratio of 360.60, a quick ratio of 0.17 and a current ratio of 0.18.
About BSR Real Estate Investment Trust (TSE:ERE.UN)
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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