Prs Reit (LON:PRSR) to Issue Dividend of GBX 1

Prs Reit (LON:PRSR) declared a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, November 14th will be paid a dividend of GBX 1 ($0.01) per share on Friday, November 29th. This represents a yield of 0.95%. The ex-dividend date of this dividend is Thursday, November 14th. The official announcement can be accessed at this link.

Prs Reit Stock Performance

Prs Reit stock opened at GBX 107.02 ($1.38) on Tuesday. 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 stock has a fifty day moving average price of GBX 102.07 and a two-hundred day moving average price of GBX 88.11. Prs Reit has a 52-week low of GBX 73.60 ($0.95) and a 52-week high of GBX 109.80 ($1.41). The firm has a market capitalization of £587.81 million, a P/E ratio of 972.91, a P/E/G ratio of 0.34 and a beta of 0.55.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their price objective on Prs Reit from GBX 106 ($1.36) to GBX 120 ($1.54) and gave the stock a “buy” rating in a research note on Thursday, September 5th.

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.