Prs Reit (LON:PRSR) Hits New 1-Year High – Here’s Why

Prs Reit (LON:PRSR)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 110.20 ($1.35) and last traded at GBX 109.60 ($1.34), with a volume of 274964 shares trading hands. The stock had previously closed at GBX 105.60 ($1.29).

Prs Reit Stock Up 3.8 %

The stock has a market capitalization of £601.98 million, a P/E ratio of 996.36, a P/E/G ratio of 0.34 and a beta of 0.55. The firm has a 50-day simple moving average of GBX 106.03 and a 200 day simple moving average of GBX 96.53. The company has a debt-to-equity ratio of 60.00, a current ratio of 0.58 and a quick ratio of 0.39.

Prs Reit Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, November 29th. Stockholders 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 dividend yield of 0.95%. Prs Reit’s payout ratio is 3,636.36%.

Prs Reit Company Profile

www.theprsreit.com
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector (“PRS”). It aims to provide shareholders with an attractive level of income together with the potential for capital and income growth.

The Company is investing over £1bn in a portfolio of high-quality homes for private rental, mainly across the major regions of England.