Prs Reit (LON:PRSR) Announces GBX 1 Dividend

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

Prs Reit Price Performance

LON PRSR opened at GBX 80 ($0.99) on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.14 and a debt-to-equity ratio of 56.87. 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 company has a market capitalization of £439.40 million, a PE ratio of 988.75, a price-to-earnings-growth ratio of 0.34 and a beta of 0.49. The firm’s 50 day moving average is GBX 77.24 and its 200-day moving average is GBX 79.45.

Insider Activity at Prs Reit

In related news, insider Stephen Smith purchased 45,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average price of GBX 77 ($0.95) per share, with a total value of £34,650 ($42,798.91). 6.66% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 114 ($1.41) price objective 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.