Prs Reit Plans Dividend of GBX 1 (LON:PRSR)

Prs Reit (LON:PRSR) announced a dividend on Tuesday, April 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 9th will be paid a dividend of GBX 1 ($0.01) per share on Friday, May 31st. This represents a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 9th. The official announcement can be accessed at this link.

Prs Reit Price Performance

Shares of PRSR stock opened at GBX 80 ($0.99) on Wednesday. The firm has a market cap of £439.40 million, a P/E ratio of 988.75, a P/E/G ratio of 0.34 and a beta of 0.49. Prs Reit has a fifty-two week low of GBX 65.50 ($0.81) and a fifty-two week high of GBX 88.50 ($1.09). The business’s 50 day moving average price is GBX 77.24 and its 200-day moving average price is GBX 79.45. The company has a debt-to-equity ratio of 56.87, a quick ratio of 0.39 and a current ratio of 0.14.

Insider Transactions at Prs Reit

In other news, insider Stephen Smith purchased 45,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average cost of GBX 77 ($0.95) per share, for a total transaction of £34,650 ($42,798.91). Corporate insiders own 6.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 114 ($1.41) price objective on shares of Prs Reit in a research report on Wednesday, March 20th.

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.