Shares of Prs Reit (LON:PRSR – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as GBX 97.50 ($1.29) and last traded at GBX 97.50 ($1.29), with a volume of 136102 shares trading hands. The stock had previously closed at GBX 97 ($1.28).
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group upped their price target on Prs Reit from GBX 106 ($1.40) to GBX 120 ($1.59) and gave the company a “buy” rating in a research note on Thursday, September 5th.
Check Out Our Latest Analysis on Prs Reit
Prs Reit Trading Down 0.6 %
Prs Reit Announces Dividend
The company also recently declared a dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 8th were given a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.22%. The ex-dividend date of this dividend was Thursday, August 8th. Prs Reit’s dividend payout ratio (DPR) is currently 4,000.00%.
Insiders Place Their Bets
In related news, insider Stephen Smith acquired 60,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was bought at an average price of GBX 77 ($1.02) per share, with a total value of £46,200 ($61,030.38). Insiders own 7.19% of the company’s stock.
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.
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