European Residential Real Estate Investment Trust (TSE:ERE.UN) Director Stephen Co Sells 103,170 Shares

European Residential Real Estate Investment Trust (TSE:ERE.UN) Director Stephen Co sold 103,170 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$2.47, for a total value of C$254,829.90.

Stephen Co also recently made the following trade(s):

• On Monday, March 17th, Stephen Co acquired 315 shares of European Residential Real Estate Investment Trust stock. The stock was purchased at an average price of C$2.53 per share, with a total value of C$796.95.

European Residential Real Estate Investment Trust Price Performance

ERE.UN opened at C$2.47 on Tuesday. European Residential Real Estate Investment Trust has a 12-month low of C$2.24 and a 12-month high of C$3.99. 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 stock has a 50-day moving average price of C$2.50 and a 200-day moving average price of C$2.84. The stock has a market capitalization of C$227.24 million, a P/E ratio of 13.00 and a beta of 1.28.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut European Residential Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$2.75 price objective for the company. in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, European Residential Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$3.18.

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.