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

Automated Summaries - The Globe and Mail - Mon Jul 15, 4:01PM CDT

Today in trading, European Residential Real Estate Invs. Trust shares closed at $2.63 after opening the day at $2.47. Intraday prices ranged from a low of $2.46 to a high of $2.69.

The price advanced 7.35 percent from the previous day's close of $2.45.

During the day across North America, the TSX Composite closed 0.57% at 22673.52, the S&P 500 closed 0.55% at 5615.35, the Dow Jones Industrial Average closed 0.62% at 40000.90 and the Nasdaq Composite closed 0.63% at 18398.45.

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

A total of 1,281,839 shares was traded during the last trading day, with total trades of 454, while having an average volume of 347,397 over the last 5-days.

Trading across the entire TSX saw 3,258 price advancers against 1,978 declines and 100 unchanged.

During the prior 52 weeks, ERE-UN.TO has traded as high as $2.92 (July 26,2023) and low as $2.12 (October 30,2023). Moreover, the shares have dipped -7.39 percent in the last 12 months, while this year, they have gained 1.94%.

It announced a 0.01 dividend on June 17/24, with an June 28/24 ex-date and July 15/24 pay day.

Following today's trading, European Residential Real Estate Invs. Trust has a market capitalization of $224.81 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 8.00 analysts according to Zacks. Currently, there are 3 buy ratings and 5 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..