Prs Reit (LON:PRSR) Plans GBX 1 Dividend

Prs Reit (LON:PRSR) declared a dividend on Tuesday, April 23rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 9th will be paid a dividend of GBX 1 ($0.01) per share on Friday, May 31st. This represents a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 9th. The official announcement can be viewed at this link.

Prs Reit Price Performance

Shares of PRSR opened at GBX 79.89 ($0.99) on Tuesday. Prs Reit has a 12-month low of GBX 65.50 ($0.81) and a 12-month high of GBX 88.50 ($1.09). The business has a 50-day simple moving average of GBX 77.21 and a two-hundred day simple moving average of GBX 79.36. The company has a quick ratio of 0.39, a current ratio of 0.14 and a debt-to-equity ratio of 56.87. The stock has a market cap of £438.82 million, a PE ratio of 986.25, a PEG ratio of 0.34 and a beta of 0.49.

Insider Activity at Prs Reit

In other Prs Reit news, insider Stephen Smith bought 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of GBX 77 ($0.95) per share, for a total transaction of £34,650 ($42,798.91). 6.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 114 ($1.41) target price on shares of Prs Reit in a report on Wednesday, March 20th.

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.