Prs Reit (LON:PRSR – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 101.20 ($1.34) and last traded at GBX 101.20 ($1.34), with a volume of 9432 shares traded. The stock had previously closed at GBX 100.80 ($1.33).
Analyst Ratings Changes
Separately, Jefferies Financial Group increased their target price on Prs Reit from GBX 106 ($1.40) to GBX 120 ($1.59) and gave the stock a “buy” rating in a research note on Thursday, September 5th.
Prs Reit Price Performance
Prs Reit Announces Dividend
The firm also recently declared a dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 8th were given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, August 8th. Prs Reit’s payout ratio is presently 3,636.36%.
Insider Activity at Prs Reit
In related news, insider Stephen Smith purchased 60,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was acquired at an average price of GBX 77 ($1.02) per share, with a total value of £46,200 ($61,030.38). 7.59% of the stock is currently owned by corporate insiders.
Prs Reit Company Profile
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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