Prs Reit to Issue Dividend of GBX 1 (LON:PRSR)

Prs Reit (LON:PRSR) announced a dividend on Thursday, November 7th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 14th will be given a dividend of GBX 1 ($0.01) per share on Friday, November 29th. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, November 14th. The official announcement can be seen at this link.

Prs Reit Price Performance

Shares of LON:PRSR opened at GBX 105.60 ($1.37) on Thursday. The firm has a market cap of £580.01 million, a price-to-earnings ratio of 974.67, a P/E/G ratio of 0.34 and a beta of 0.55. The firm has a fifty day moving average price of GBX 101.27 and a 200 day moving average price of GBX 87.51. Prs Reit has a fifty-two week low of GBX 73.60 ($0.96) and a fifty-two week high of GBX 109.80 ($1.43). The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.39 and a current ratio of 0.58.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their price objective on Prs Reit from GBX 106 ($1.38) to GBX 120 ($1.56) and gave the company a “buy” rating in a research report on Thursday, September 5th.

About Prs Reit

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.