Schroder European Real Estate Investment Trust (LON:SERE) Shares Down 1% – Here’s Why

Schroder European Real Estate Investment Trust Plc (LON:SERE)’s stock price fell 1% during trading on Monday . The stock traded as low as GBX 65.72 ($0.84) and last traded at GBX 66.33 ($0.84). 161,686 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 215,366 shares. The stock had previously closed at GBX 67 ($0.85).

Schroder European Real Estate Investment Trust Price Performance

The stock has a market cap of £105.78 million, a P/E ratio of -36.68 and a beta of 0.60. The company’s 50 day simple moving average is GBX 64.86 and its 200 day simple moving average is GBX 67.19.

Schroder European Real Estate Investment Trust Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were paid a €0.01 ($0.02) dividend. This represents a yield of 1.8%. The ex-dividend date of this dividend was Thursday, January 2nd. Schroder European Real Estate Investment Trust’s payout ratio is presently -276.49%.

About Schroder European Real Estate Investment Trust

The investment objective of the Company is to provide Shareholders with a regular and attractive level of income return together with the potential for long term income and capital growth through investing in commercial real estate in Continental Europe.