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Closing Bell: European Residential Real Estate Invs. Trust down on Wednesday (ERE-UN)

Automated Summaries - The Globe and Mail - Wed Aug 7, 4:01PM CDT

In today's trading, shares of European Residential Real Estate Invs. Trust opened at $2.75 and closed at $2.68. prices ranged from $2.66 to $2.81.

Shares eased -3.60% from the previous day's close of $2.78.

During the day across North America, the TSX Composite closed -0.45% at 21880.95, the S&P 500 closed -0.77% at 5199.50, the Dow Jones Industrial Average closed -0.60% at 38763.45 and the Nasdaq Composite closed 1.03% at 16366.85.

European Residential Real Estate Invs. Trust has listed on the Toronto Stock Exchange (TSX) under the ticker ERE-UN.

A total of 112,646 shares was traded during the session, with total trades of 194. On average, European Residential Real Estate Invs. Trust has traded 92,917 shares in the last five days and 74,602 year-to-date.

The TSX market on the whole today saw 1,858 price advancers against 3,319 declines and 108 unchanged.

During the prior 52 weeks, ERE-UN.TO has traded as high as $2.82 (July 22,2024) and low as $2.12 (October 30,2023). Moreover, the shares have dipped -2.55% in the last 12 months, while in 2024, they have boosted 3.88%.

It announced a 0.01 dividend on July 15/24, with an July 31/24 ex-date and January 01/70 pay day.

Following today's trading, European Residential Real Estate Invs. Trust has a market capitalization of $255.09 million on a float of 91,760 shares outstanding. Its annual EPS is $0.06.

European Residential Real Estate Invs. Trust is a TSX REIT company headquartered in Toronto, CAN.

Currently, European Residential Real Estate Invs. Trust has an average recommendation of "Moderate Buy" based on 9.00 analysts according to Zacks. Currently, there are 5 buy ratings and 4 hold ratings for the stock.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..