Prs Reit (LON:PRSR) Reaches New 52-Week High at $92.00

Shares of Prs Reit (LON:PRSR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 92 ($1.20) and last traded at GBX 90 ($1.17), with a volume of 382225 shares. The stock had previously closed at GBX 88.20 ($1.15).

Prs Reit Stock Performance

The company has a market capitalization of £494.33 million, a price-to-earnings ratio of 1,102.50, a price-to-earnings-growth ratio of 0.34 and a beta of 0.49. The company’s fifty day simple moving average is GBX 80.12 and its two-hundred day simple moving average is GBX 78.98. The company has a debt-to-equity ratio of 56.87, a quick ratio of 0.39 and a current ratio of 0.14.

Prs Reit Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 8th will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, August 8th. This represents a yield of 1.22%. Prs Reit’s dividend payout ratio (DPR) is 5,000.00%.

Insider Buying and Selling

In other Prs Reit news, insider Stephen Smith purchased 60,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were bought at an average price of GBX 77 ($1.00) per share, with a total value of £46,200 ($60,031.19). 6.66% of the stock is owned by company insiders.

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.