BSR Real Estate Investment Trust (TSE:ERE.UN) PT Lowered to C$4.75


BSR Real Estate Investment Trust (TSE:ERE.UN – Get Rating) had its price objective dropped by investment analysts at CIBC from C$5.35 to C$4.75 in a research report issued to clients and investors on Friday, BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 31.22% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Raymond James reduced their price objective on shares of BSR Real Estate Investment Trust from C$5.75 to C$5.25 and set an “outperform” rating on the stock in a research note on Friday. National Bankshares lifted their price objective on shares of BSR Real Estate Investment Trust from C$3.75 to C$3.95 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Royal Bank of Canada lifted their price objective on shares of BSR Real Estate Investment Trust from C$5.00 to C$5.25 and gave the stock an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$5.10.

BSR Real Estate Investment Trust Stock Down 3.2 %

Shares of TSE:ERE.UN opened at C$3.62 on Friday. BSR Real Estate Investment Trust has a one year low of C$3.29 and a one year high of C$5.06. The company has a 50 day moving average of C$3.87 and a 200-day moving average of C$4.37. The company has a debt-to-equity ratio of 360.60, a current ratio of 0.18 and a quick ratio of 0.17. The stock has a market cap of C$323.91 million and a price-to-earnings ratio of 6.35.

BSR Real Estate Investment Trust Company Profile

(Get Rating)

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.

See also

Analyst Recommendations for BSR Real Estate Investment Trust (TSE:ERE.UN)



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