European Residential Real Estate Investment Trust (TSE:ERE.UN) Shares Up 0.8% - Here's Why

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report) rose 0.8% during trading on Tuesday . The company traded as high as C$2.50 and last traded at C$2.50. Approximately 81,604 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 288,722 shares. The stock had previously closed at C$2.48.

European Residential Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. The company has a fifty day moving average price of C$2.51 and a 200 day moving average price of C$2.61. The company has a market capitalization of C$228.16 million, a P/E ratio of 13.05 and a beta of 1.28.

Insider Buying and Selling

In other news, Director Stephen Co sold 103,170 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of C$2.47, for a total transaction of C$254,829.90. Also, Director Lisa Maureen Russell sold 20,975 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of C$2.52, for a total value of C$52,857.00. In the last 90 days, insiders have sold 126,969 shares of company stock valued at $314,825. Insiders own 12.50% of the company's stock.

European Residential Real Estate Investment Trust Company Profile

European Residential Real Estate Investment Trust - 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.