Prs Reit (LON:PRSR) Declares GBX 1 Dividend

Prs Reit (LON:PRSR) declared a dividend on Tuesday, April 23rd, Upcoming.Co.Uk reports. Investors of record on Thursday, May 9th will be given 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 seen at this link.

Prs Reit Stock Down 0.2 %

PRSR stock opened at GBX 80.70 ($1.01) on Wednesday. The company has a debt-to-equity ratio of 56.87, a quick ratio of 0.39 and a current ratio of 0.14. The stock has a market capitalization of £443.24 million, a PE ratio of 1,011.25, a price-to-earnings-growth ratio of 0.34 and a beta of 0.49. Prs Reit has a one year low of GBX 65.50 ($0.82) and a one year high of GBX 88.50 ($1.11). The company has a fifty day moving average of GBX 77.82 and a 200-day moving average of GBX 80.

Insider Buying and Selling at Prs Reit

In related news, insider Stephen Smith purchased 45,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of GBX 77 ($0.97) per share, with a total value of £34,650 ($43,530.15). 6.66% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 114 ($1.43) target price on shares of Prs Reit in a research report 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.