Prs Reit (LON:PRSR - Get Free Report) declared a dividend on Tuesday, April 23rd, Upcoming.Co.Uk reports. Investors 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 is Thursday, May 9th. The official announcement can be accessed at this link.
Prs Reit Stock Up 1.4 %
LON PRSR traded up GBX 1.10 ($0.01) during trading hours on Tuesday, hitting GBX 80 ($0.99). The company's stock had a trading volume of 727,239 shares, compared to its average volume of 680,115. Prs Reit has a 52 week low of GBX 65.50 ($0.81) and a 52 week high of GBX 88.50 ($1.09). The company has a market capitalization of £439.40 million, a PE ratio of 1,000.00, a price-to-earnings-growth ratio of 0.34 and a beta of 0.49. 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 company's 50-day simple moving average is GBX 77.21 and its two-hundred day simple moving average is GBX 79.36.
Insider Activity
In related news, insider Stephen Smith bought 45,000 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average cost of GBX 77 ($0.95) per share, for a total transaction of £34,650 ($42,798.91). Company insiders own 6.66% of the company's stock.
Analyst Ratings Changes
Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 114 ($1.41) price target on shares of Prs Reit in a report on Wednesday, March 20th.
Get Our Latest Stock Analysis on PRSR
Prs Reit Company Profile
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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.
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