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

European Residential Real Estate Investment Trust Trading Down 4.6%

The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. The company has a market capitalization of C$227.24 million, a P/E ratio of 13.00 and a beta of 1.28. The company's fifty day simple moving average is C$2.53 and its 200-day simple moving average is C$2.50.

Insider Buying and Selling

In other European Residential Real Estate Investment Trust news, Director Lisa Maureen Russell sold 20,975 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$2.52, for a total transaction of C$52,857.00. Also, Director Stephen Co sold 103,170 shares of the business's stock in a transaction on 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 quarter, insiders have sold 126,969 shares of company stock worth $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.

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