European Residential Real Estate Investment Trust (TSE:ERE-UN) Trading Down 0.8% – Time to Sell?

European Residential Real Estate Investment Trust (TSE:ERE-UN)’s share price fell 0.8% on Thursday . The company traded as low as C$3.70 and last traded at C$3.73. 130,571 shares changed hands during trading, The stock had previously closed at C$3.76.

European Residential Real Estate Investment Trust Stock Down 0.8 %

The company’s 50 day simple moving average is C$3.36 and its 200-day simple moving average is C$2.86. 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 firm has a market capitalization of C$340.40 million, a PE ratio of 19.47 and a beta of 1.28.

Insider Transactions at European Residential Real Estate Investment Trust

In related news, Senior Officer Jenny Chou purchased 8,400 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were purchased at an average price of C$3.27 per share, with a total value of C$27,468.00. Also, Director Julian Schonfeldt acquired 25,100 shares of the stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of C$3.22 per share, for a total transaction of C$80,729.13. Insiders own 12.50% of the company’s stock.

About 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 portfolio of high-quality, multi-residential real estate properties in the Netherlands.