Schroder European Real Estate Investment Trust (LON:SERE) Stock Price Up 1.5% – Still a Buy?

Shares of Schroder European Real Estate Investment Trust Plc (LON:SERE) rose 1.5% during trading on Thursday . The company traded as high as GBX 70 ($0.91) and last traded at GBX 69 ($0.90). Approximately 584,391 shares changed hands during mid-day trading, an increase of 181% from the average daily volume of 207,619 shares. The stock had previously closed at GBX 68 ($0.88).

Schroder European Real Estate Investment Trust Trading Up 1.5 %

The stock’s 50-day moving average price is GBX 68.61 and its 200 day moving average price is GBX 65.24. 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 firm has a market capitalization of £92.28 million, a PE ratio of -3,450.00 and a beta of 0.60.

Schroder European Real Estate Investment Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be issued a dividend of €0.01 ($0.02) per share. The ex-dividend date is Thursday, October 3rd. This represents a 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.