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) shares 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 were traded during mid-day trading, The stock had previously closed at C$3.47.

European Residential Real Estate Investment Trust Price Performance

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 cap of C$320.16 million, a price-to-earnings ratio of 18.32 and a beta of 1.28. The company’s fifty day moving average is C$3.09 and its two-hundred day moving average is C$2.69.

Insider Buying and Selling

In other news, Director Julian Schonfeldt purchased 25,100 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of C$3.22 per share, with a total value of C$80,729.13. In other news, Director Julian Schonfeldt purchased 25,100 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of C$3.22 per share, with a total value of C$80,729.13. Also, Senior Officer Jenny Chou bought 8,400 shares of the company’s 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. 12.50% of the stock is currently owned by insiders.

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.