Prs Reit (LON:PRSR) Reaches New 12-Month High – Here’s What Happened

Prs Reit (LON:PRSR)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 106.80 ($1.40) and last traded at GBX 104.80 ($1.37), with a volume of 5151 shares changing hands. The stock had previously closed at GBX 104 ($1.36).

Analyst Ratings Changes

Separately, Jefferies Financial Group increased their target price on shares of Prs Reit from GBX 106 ($1.39) to GBX 120 ($1.57) and gave the stock a “buy” rating in a report on Thursday, September 5th.

Prs Reit Stock Performance

The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.39 and a current ratio of 0.58. The business’s 50-day moving average is GBX 94.98 and its 200-day moving average is GBX 84.24. The company has a market capitalization of £576.71 million, a PE ratio of 945.45, a PEG ratio of 0.34 and a beta of 0.55.

Prs Reit Announces Dividend

The business also recently declared a dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 8th were issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 1.22%. Prs Reit’s payout ratio is presently 3,636.36%.

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.