Schroder European Real Estate Investment Trust (LON:SERE) Shares Up 0.7% – Still a Buy?

Schroder European Real Estate Investment Trust Plc (LON:SERE) shot up 0.7% during trading on Tuesday . The company traded as high as GBX 62.60 and last traded at GBX 60.20. 322,194 shares were traded during mid-day trading, an increase of 61% from the average session volume of 200,652 shares. The stock had previously closed at GBX 59.80.

Schroder European Real Estate Investment Trust Trading Up 0.7%

The stock has a 50-day moving average of GBX 61.38 and a 200 day moving average of GBX 62.49. The stock has a market cap of £79.11 million, a PE ratio of 35.41 and a beta of 0.30. The company has a quick ratio of 9.26, a current ratio of 20.14 and a debt-to-equity ratio of 40.87.

Insider Buying and Selling

In other news, insider Phil Redding bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average price of GBX 61 per share, for a total transaction of £12,200. 0.06% of the stock is currently owned by corporate insiders.

Schroder European Real Estate Investment Trust Company Profile

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.