Schroder European Real Estate Investment Trust (LON:SERE) Trading 4.2% Higher – Should You Buy?

Schroder European Real Estate Investment Trust Plc (LON:SERE)’s stock price shot up 4.2% during mid-day trading on Thursday . The company traded as high as GBX 70 ($0.90) and last traded at GBX 70 ($0.90). 339,235 shares changed hands during trading, an increase of 66% from the average session volume of 204,154 shares. The stock had previously closed at GBX 67.20 ($0.86).

Schroder European Real Estate Investment Trust Price Performance

The business has a fifty day moving average of GBX 69.93 and a 200-day moving average of GBX 66.04. The company has a current ratio of 7.01, a quick ratio of 9.26 and a debt-to-equity ratio of 42.60. The firm has a market cap of £93.62 million, a PE ratio of -3,500.00 and a beta of 0.60.

Schroder European Real Estate Investment Trust Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd were issued a €0.01 ($0.02) dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, October 3rd. Schroder European Real Estate Investment Trust’s payout ratio is -25,000.00%.

About Schroder European Real Estate Investment Trust

SEREIT invests in European growth cities and regions. It is a UK closed-ended real estate investment company incorporated on 9 January 2015. The Company has a premium listing on the Official List of the UK Listing Authority and its shares have been trading on the Main Market of the London Stock Exchange (ticker: SERE) since 9 December 2015.