European Residential Real Estate Investment Trust (TSE:ERE.UN) Stock Price Up 0.4% – Time to Buy?

European Residential Real Estate Investment Trust (TSE:ERE.UN)’s share price rose 0.4% during trading on Friday . The company traded as high as C$2.44 and last traded at C$2.43. Approximately 72,019 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 244,266 shares. The stock had previously closed at C$2.42.

Analyst Ratings Changes

Separately, Raymond James Financial downgraded European Residential Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$3.00 to C$2.75 in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$3.14.

European Residential Real Estate Investment Trust Price Performance

The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The company has a market capitalization of C$226.28 million, a PE ratio of -3.80 and a beta of 1.84. The stock’s 50-day moving average is C$2.50 and its two-hundred day moving average is C$2.50.

Insider Buying and Selling at European Residential Real Estate Investment Trust

In related news, Director Lisa Maureen Russell sold 20,975 shares of the firm’s stock in a transaction that occurred 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. 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.