Prs Reit (LON:PRSR) Hits New 1-Year High – What’s Next?

Prs Reit (LON:PRSR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 109.20 ($1.42) and last traded at GBX 108 ($1.40), with a volume of 878386 shares. The stock had previously closed at GBX 107.60 ($1.40).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised their price target on Prs Reit from GBX 106 ($1.37) to GBX 120 ($1.56) and gave the stock a “buy” rating in a report on Thursday, September 5th.

Prs Reit Trading Up 0.4 %

The firm has a market cap of £593.19 million, a P/E ratio of 981.82, a P/E/G ratio of 0.34 and a beta of 0.55. 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 firm has a fifty day moving average of GBX 99.21 and a 200-day moving average of GBX 86.33.

Prs Reit Dividend Announcement

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