PRS REIT (LON:PRSR) Earns Equal Weight Rating from Barclays

Barclays restated their equal weight rating on shares of PRS REIT (LON:PRSRGet Rating) in a research report report published on Monday, MarketBeat reports. They currently have a GBX 95 ($1.20) price objective on the stock.

Separately, Berenberg Bank cut PRS REIT to a hold rating and set a GBX 115 ($1.45) target price for the company. in a report on Tuesday, April 19th.

PRSR stock opened at GBX 107.80 ($1.36) on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 56.22. The firm has a market capitalization of £592.09 million and a PE ratio of 8.76. PRS REIT has a 1-year low of GBX 97 ($1.22) and a 1-year high of GBX 114 ($1.43). The business’s 50 day simple moving average is GBX 107.98 and its 200 day simple moving average is GBX 105.58.

The company also recently announced a dividend, which was paid on Friday, May 13th. Shareholders of record on Thursday, April 21st were issued a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, April 21st. This represents a yield of 0.9%. PRS REIT’s payout ratio is presently 0.33%.

About PRS REIT (Get Rating)

The PRS REIT plc 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. The Company is investing £0.9bn in a portfolio of high quality homes for private rental across the regions, having 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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