Schroder Real Estate Invest (LON:SREI) Shares Cross Below 200 Day Moving Average – Here’s Why

Schroder Real Estate Invest (LON:SREI) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 49.90 and traded as low as GBX 44.05. Schroder Real Estate Invest shares last traded at GBX 44.60, with a volume of 4,494,719 shares.

Schroder Real Estate Invest Stock Down 2.8%

The stock has a market capitalization of £218.14 million, a price-to-earnings ratio of 7.43 and a beta of 0.54. The business’s 50 day simple moving average is GBX 46.45 and its 200-day simple moving average is GBX 49.90.

Schroder Real Estate Invest (LON:SREI) last released its earnings results on Friday, July 10th. The real estate investment trust reported GBX 2.90 EPS for the quarter. Schroder Real Estate Invest had a net margin of 47.43% and a return on equity of 4.68%.

About Schroder Real Estate Invest

The investment objective of Schroder Real Estate Investment Trust (‘the Company’) is to provide shareholders with an attractive level of income together with the potential for income and capital growth as a result of its investments in, and active management of, a diversified portfolio of UK commercial real estate.