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

Prs Reit (LON:PRSR) shares reached a new 52-week high on Thursday . The company traded as high as GBX 109.20 ($1.37) and last traded at GBX 109.20 ($1.37), with a volume of 299885 shares traded. The stock had previously closed at GBX 107.60 ($1.35).

Analyst Ratings Changes

Separately, Jefferies Financial Group upped their target price on shares of Prs Reit from GBX 106 ($1.33) to GBX 120 ($1.50) 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 current ratio of 0.58 and a quick ratio of 0.39. The firm’s 50-day moving average price is GBX 105.95 and its 200-day moving average price is GBX 94.66. The stock has a market cap of £599.78 million, a P/E ratio of 992.73, a PEG ratio of 0.34 and a beta of 0.55.

Prs Reit Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, November 14th. Prs Reit’s dividend payout ratio (DPR) is presently 3,636.36%.

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.