Prs Reit (LON:PRSR – Get Free Report)’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.
Get Our Latest Analysis on Prs Reit
Prs Reit Stock Performance
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.
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