Prs Reit (LON:PRSR) Shares Down 0.2% – What’s Next?

Shares of Prs Reit (LON:PRSR) traded down 0.2% on Thursday . The company traded as low as GBX 103.60 ($1.32) and last traded at GBX 104 ($1.32). 300,829 shares were traded during mid-day trading, a decline of 65% from the average session volume of 865,846 shares. The stock had previously closed at GBX 104.20 ($1.33).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their target price on shares of Prs Reit from GBX 106 ($1.35) to GBX 120 ($1.53) and gave the company a “buy” rating in a research note on Thursday, September 5th.

Prs Reit Trading Down 0.2 %

The firm has a 50-day moving average of GBX 104.27 and a 200 day moving average of GBX 90.52. The company has a current ratio of 0.58, a quick ratio of 0.39 and a debt-to-equity ratio of 60.00. The stock has a market capitalization of £570.12 million, a price-to-earnings ratio of 947.27, a PEG ratio of 0.34 and a beta of 0.55.

Prs Reit Announces Dividend

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

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.