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 company 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 Stock Down 1.0 %

The stock has a market capitalization of £105.78 million, a price-to-earnings ratio of -36.68 and a beta of 0.60. The stock’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 Dividend Announcement

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