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

European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report)'s stock price traded down 0.8% during mid-day trading on Monday . The stock traded as low as C$2.51 and last traded at C$2.51. 41,659 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 319,452 shares. The stock had previously closed at C$2.53.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered shares of European Residential Real Estate Investment Trust from a "buy" rating to a "hold" rating and set a C$2.75 price target on the stock. in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$3.18.

European Residential Real Estate Investment Trust Trading Down 2.0%

The firm has a fifty day moving average of C$2.49 and a 200-day moving average of C$2.75. The stock has a market capitalization of C$230 million, a price-to-earnings ratio of 13.16 and a beta of 1.28. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27.

Insider Transactions at European Residential Real Estate Investment Trust

In related news, Director Stephen Co sold 103,170 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$2.47, for a total value of C$254,829.90. Over the last three months, insiders have bought 432 shares of company stock valued at $1,089 and have sold 105,994 shares valued at $261,968. Corporate insiders own 12.50% of the company's stock.

About European Residential Real Estate Investment Trust

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.