Prs Reit (LON:PRSR) Insider Stephen Smith Buys 60,000 Shares of Stock

Prs Reit (LON:PRSR) insider Stephen Smith purchased 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was bought at an average cost of GBX 77 ($0.98) per share, with a total value of £46,200 ($58,607.13).

Prs Reit Trading Down 1.3 %

Shares of PRSR stock opened at GBX 76 ($0.96) on Friday. The company’s 50-day moving average price is GBX 78.82 and its 200-day moving average price is GBX 79.89. 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 stock has a market cap of £417.43 million, a price-to-earnings ratio of 950.00, a PEG ratio of 0.34 and a beta of 0.49. Prs Reit has a twelve month low of GBX 65.50 ($0.83) and a twelve month high of GBX 88.50 ($1.12).

Prs Reit Announces Dividend

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

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 114 ($1.45) target price on shares of Prs Reit in a report on Wednesday, March 20th.

About Prs Reit

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.