Prs Reit (LON:PRSR) Sets New 12-Month High – Should You Buy?

Prs Reit (LON:PRSR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 110 ($1.37) and last traded at GBX 110 ($1.37), with a volume of 1373 shares trading hands. The stock had previously closed at GBX 109 ($1.36).

Prs Reit Stock Down 0.6 %

The company has a debt-to-equity ratio of 60.00, a current ratio of 0.58 and a quick ratio of 0.39. The firm has a market cap of £595.39 million, a price-to-earnings ratio of 985.45, a P/E/G ratio of 0.34 and a beta of 0.55. The firm’s fifty day moving average is GBX 106.20 and its two-hundred day moving average is GBX 95.56.

Prs Reit Announces Dividend

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

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.