Prs Reit (LON:PRSR) Stock Price Up 1%

Prs Reit (LON:PRSR)’s share price rose 1% during trading on Wednesday . The company traded as high as GBX 107 ($1.45) and last traded at GBX 106 ($1.44). Approximately 318,449 shares traded hands during trading, a decline of 15% from the average daily volume of 376,388 shares. The stock had previously closed at GBX 105 ($1.43).

Several equities research analysts have issued reports on the company. Barclays reissued an “equal weight” rating and set a GBX 98 ($1.33) target price on shares of Prs Reit in a research note on Wednesday, November 10th. Berenberg Bank reissued a “buy” rating and issued a GBX 115 ($1.56) target price on shares of Prs Reit in a report on Tuesday, November 30th.

The company has a current ratio of 6.72, a quick ratio of 6.72 and a debt-to-equity ratio of 69.53. The business has a 50 day moving average of GBX 104.63 and a 200-day moving average of GBX 104.46. The stock has a market cap of £584.95 million and a PE ratio of 20.48.

The company also recently disclosed a dividend, which was paid on Friday, December 3rd. Stockholders of record on Thursday, November 18th were issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date was Thursday, November 18th. This represents a dividend yield of 0.98%. Prs Reit’s payout ratio is 0.77%.

In other Prs Reit news, insider Jim Prower bought 30,000 shares of the business’s stock in a transaction on Wednesday, October 20th. The shares were purchased at an average price of GBX 103 ($1.40) per share, with a total value of £30,900 ($41,943.80). Also, insider Stephen Smith acquired 75,000 shares of the stock in a transaction that occurred on Monday, October 25th. The shares were bought at an average price of GBX 100 ($1.36) per share, for a total transaction of £75,000 ($101,805.35).

Prs Reit Company Profile (LON:PRSR)

The PRS REIT is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth. It has raised a total of £500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018.

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