European Residential Real Estate Investment Trust (TSE:ERE-UN) Shares Up 0.3% – Time to Buy?

European Residential Real Estate Investment Trust (TSE:ERE-UN)’s stock price shot up 0.3% on Monday . The company traded as high as C$3.51 and last traded at C$3.48. 181,255 shares changed hands during mid-day trading, The stock had previously closed at C$3.47.

European Residential Real Estate Investment Trust Trading Up 0.3 %

The business’s 50 day moving average price is C$3.09 and its two-hundred day moving average price is C$2.69. The company has a market capitalization of C$320.16 million, a price-to-earnings ratio of 18.32 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, Senior Officer Jenny Chou purchased 8,400 shares of European Residential Real Estate Investment Trust stock in a transaction dated Thursday, September 26th. The stock was bought at an average cost of C$3.27 per share, with a total value of C$27,468.00. In other European Residential Real Estate Investment Trust news, Director Julian Schonfeldt bought 25,100 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average cost of C$3.22 per share, for a total transaction of C$80,729.13. Also, Senior Officer Jenny Chou bought 8,400 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average price of C$3.27 per share, for a total transaction of C$27,468.00. Company 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.