Prs Reit (LON:PRSR) Sets New 52-Week High – Time to Buy?

Prs Reit (LON:PRSR) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 109.20 ($1.37) and last traded at GBX 109.20 ($1.37), with a volume of 299885 shares traded. The stock had previously closed at GBX 107.60 ($1.35).

Analysts Set New Price Targets

Separately, Jefferies Financial Group upped their price objective on Prs Reit from GBX 106 ($1.33) to GBX 120 ($1.50) and gave the company a “buy” rating in a research report on Thursday, September 5th.

Prs Reit Stock Performance

The business’s fifty day moving average price is GBX 105.95 and its 200-day moving average price is GBX 94.66. The stock has a market cap of £599.78 million, a PE ratio of 992.73, a P/E/G ratio of 0.34 and a beta of 0.55. The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.39 and a current ratio of 0.58.

Prs Reit Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a GBX 1 ($0.01) dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend was Thursday, November 14th. Prs Reit’s dividend payout ratio (DPR) is presently 3,636.36%.

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.