BSR Real Estate Investment Trust (TSE:ERE.UN) Rating Lowered to Sector Perform at National Bankshares

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BSR Real Estate Investment Trust (TSE:ERE.UNGet Rating) was downgraded by investment analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a C$3.75 price target on the stock, down from their previous price target of C$5.80. National Bankshares’ price target indicates a potential upside of 1.90% from the stock’s previous close.

ERE.UN has been the topic of a number of other research reports. Raymond James set a C$5.75 target price on BSR Real Estate Investment Trust and gave the company an “outperform” rating in a report on Tuesday, May 3rd. CIBC dropped their target price on BSR Real Estate Investment Trust from C$6.00 to C$5.35 in a report on Monday, June 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$5.38.

BSR Real Estate Investment Trust Price Performance

ERE.UN stock opened at C$3.68 on Wednesday. BSR Real Estate Investment Trust has a twelve month low of C$3.29 and a twelve month high of C$5.06. The company has a quick ratio of 0.17, a current ratio of 0.18 and a debt-to-equity ratio of 360.60. The stock’s 50 day moving average is C$4.07 and its 200-day moving average is C$4.42. The firm has a market capitalization of C$329.28 million and a PE ratio of 6.46.

About BSR Real Estate Investment Trust

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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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