BSR Real Estate Investment Trust (TSE:ERE.UN – Get Rating) had its target price cut by Raymond James from C$5.75 to C$5.25 in a report published on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other research analysts have also recently issued reports about the stock. CIBC reduced their price target on shares of BSR Real Estate Investment Trust from C$6.00 to C$5.35 in a research report on Monday, June 27th. Royal Bank of Canada boosted their price target on BSR Real Estate Investment Trust from C$5.00 to C$5.25 and gave the company an outperform rating in a research note on Friday. Finally, National Bankshares upped their target price on BSR Real Estate Investment Trust from C$3.75 to C$3.95 and gave the company a sector perform rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, BSR Real Estate Investment Trust currently has an average rating of Moderate Buy and an average price target of C$5.10.
BSR Real Estate Investment Trust Trading Down 3.2 %
Shares of BSR Real Estate Investment Trust stock opened at C$3.62 on Friday. The stock has a market cap of C$323.91 million and a price-to-earnings ratio of 6.37. The company has a fifty day simple moving average of C$3.89 and a 200-day simple moving average of C$4.38. The company has a current ratio of 0.18, a quick ratio of 0.17 and a debt-to-equity ratio of 360.60. BSR Real Estate Investment Trust has a 12-month low of C$3.29 and a 12-month high of C$5.06.
About BSR 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.
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