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

Prs Reit (LON:PRSR) announced a dividend on Tuesday, April 23rd, Upcoming.Co.Uk reports. Shareholders 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 yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 9th. The official announcement can be viewed at this link.

Prs Reit Stock Up 1.3 %

PRSR opened at GBX 79.89 ($0.99) on Tuesday. Prs Reit has a 1-year low of GBX 65.50 ($0.81) and a 1-year high of GBX 88.50 ($1.09). The company has a current ratio of 0.14, a quick ratio of 0.39 and a debt-to-equity ratio of 56.87. The stock has a market capitalization of £438.82 million, a price-to-earnings ratio of 986.25, a P/E/G ratio of 0.34 and a beta of 0.49. The business has a 50 day moving average of GBX 77.21 and a 200-day moving average of GBX 79.36.

Insider Activity at Prs Reit

In related news, insider Stephen Smith acquired 45,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of GBX 77 ($0.95) per share, for a total transaction of £34,650 ($42,798.91). 6.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 114 ($1.41) target price on shares of Prs Reit in a research note 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.