Schroder European Real Estate Investment Trust (LON:SERE) Stock Price Up 4.2% – Still a Buy?

Schroder European Real Estate Investment Trust Plc (LON:SERE) shares rose 4.2% during mid-day trading on Thursday . The stock traded as high as GBX 70 ($0.88) and last traded at GBX 70 ($0.88). Approximately 339,235 shares were traded during mid-day trading, an increase of 66% from the average daily volume of 204,154 shares. The stock had previously closed at GBX 67.20 ($0.85).

Schroder European Real Estate Investment Trust Price Performance

The firm has a market capitalization of £90.94 million, a price-to-earnings ratio of -3,400.00 and a beta of 0.60. The company has a debt-to-equity ratio of 42.60, a current ratio of 7.01 and a quick ratio of 9.26. The company’s 50-day moving average is GBX 69.95 and its 200-day moving average is GBX 66.06.

Schroder European Real Estate Investment Trust Dividend Announcement

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