Prs Reit (LON:PRSR) Stock Price Up 1.7%

Prs Reit (LON:PRSR - Get Free Report)'s stock price rose 1.7% on Wednesday . The stock traded as high as GBX 79.30 ($1.00) and last traded at GBX 79.20 ($1.00). Approximately 1,029,572 shares were traded during trading, an increase of 46% from the average daily volume of 706,216 shares. The stock had previously closed at GBX 77.90 ($0.99).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a "buy" rating and set a GBX 114 ($1.44) price target on shares of Prs Reit in a report on Wednesday, March 20th.

Prs Reit Stock Up 1.7 %

The company has a market cap of £435.01 million, a PE ratio of 990.00, a price-to-earnings-growth ratio of 0.34 and a beta of 0.49. The business has a fifty day simple moving average of GBX 77.84 and a two-hundred day simple moving average of GBX 78.84. The company has a current ratio of 0.14, a quick ratio of 0.39 and a debt-to-equity ratio of 56.87.

Prs Reit Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 15th were paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a yield of 1.17%. Prs Reit's dividend payout ratio is presently 5,000.00%.

Insiders Place Their Bets

In related news, insider Stephen Smith bought 45,000 shares of the company's stock in a transaction on Friday, February 16th. The stock was bought at an average cost of GBX 77 ($0.97) per share, for a total transaction of £34,650 ($43,855.21). Corporate insiders own 6.66% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.