BSR Real Estate Investment Trust (TSE:ERE.UN) Trading Up 1.3%

BSR Real Estate Investment Trust (TSE:ERE.UNGet Rating)’s share price shot up 1.3% on Monday . The company traded as high as C$3.98 and last traded at C$3.91. 21,752 shares traded hands during trading, a decline of 73% from the average session volume of 80,072 shares. The stock had previously closed at C$3.86.

ERE.UN has been the subject of several analyst reports. Raymond James set a C$5.75 price objective on shares of BSR Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Tuesday, May 3rd. Royal Bank of Canada boosted their target price on shares of BSR Real Estate Investment Trust from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research report on Tuesday, February 22nd. Scotiabank upped their price objective on shares of BSR Real Estate Investment Trust from C$5.50 to C$6.00 in a research report on Wednesday, February 23rd. CIBC boosted their target price on shares of BSR Real Estate Investment Trust from C$5.75 to C$6.00 in a research note on Wednesday, May 4th. Finally, National Bankshares upped their price objective on shares of 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$5.74.

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 firm’s 50-day moving average is C$4.58 and its 200 day moving average is C$4.54. The stock has a market cap of C$349.86 million and a price-to-earnings ratio of 2.60.

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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