European Residential Real Estate Investment Trust (TSE:ERE.UN) Shares Down 4.6% - Here's Why

Key Points

• The European Residential Real Estate Investment Trust's share price fell by 4.6%, trading at C$2.47 after closing at C$2.59.
• Insider selling activity was noted, with 126,969 shares sold by insiders over the last quarter, amounting to $314,825.
• The company has a high debt-to-equity ratio of 256.06, indicating significant leverage in its capital structure.

European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report)'s share price traded down 4.6% during mid-day trading on Thursday . The company traded as low as C$2.46 and last traded at C$2.47. 252,106 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 257,183 shares. The stock had previously closed at C$2.59.

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 stock has a market capitalization of C$226.32 million, a price-to-earnings ratio of 12.95 and a beta of 1.28. The stock's 50 day simple moving average is C$2.53 and its 200-day simple moving average is C$2.50.

Insider Buying and Selling at European Residential Real Estate Investment Trust

In other European Residential Real Estate Investment Trust news, Director Lisa Maureen Russell sold 20,975 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of C$2.52, for a total transaction of C$52,857.00. Over the last three months, insiders have sold 23,799 shares of company stock worth $59,995. 12.50% of the stock is owned by company insiders.

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.