Prs Reit (LON:PRSR) Trading 0.6% Higher

Prs Reit (LON:PRSRGet Free Report)’s stock price rose 0.6% on Tuesday . The stock traded as high as GBX 82.20 ($1.03) and last traded at GBX 82.20 ($1.03). Approximately 500,838 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 639,746 shares. The stock had previously closed at GBX 81.70 ($1.03).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 114 ($1.43) target price on shares of Prs Reit in a research note on Wednesday, March 20th.

Read Our Latest Research Report on Prs Reit

Prs Reit Price Performance

The business has a 50-day moving average of GBX 78.24 and a 200 day moving average of GBX 80.18. The company has a current ratio of 0.14, a quick ratio of 0.39 and a debt-to-equity ratio of 56.87. The firm has a market capitalization of £451.48 million, a P/E ratio of 1,027.50, a price-to-earnings-growth ratio of 0.34 and a beta of 0.49.

Prs Reit Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 9th will be issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 1.27%. Prs Reit’s dividend payout ratio is 5,000.00%.

Insider Buying and Selling

In other Prs Reit news, insider Stephen Smith acquired 45,000 shares of Prs Reit stock in a transaction dated Friday, February 16th. The stock was purchased at an average cost of GBX 77 ($0.97) per share, for a total transaction of £34,650 ($43,519.22). 6.66% of the stock is owned by company insiders.

Prs Reit Company Profile

(Get Free Report)

The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company has investment of over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021.

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