Prs Reit (LON:PRSR) Sets New 1-Year High – Still a Buy?

Prs Reit (LON:PRSR) shares hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 109.20 ($1.36) and last traded at GBX 109.20 ($1.36), with a volume of 299885 shares traded. The stock had previously closed at GBX 107.60 ($1.34).

Prs Reit Trading Up 0.5 %

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 business’s 50-day moving average is GBX 106.10 and its two-hundred day moving average is GBX 95.10. The firm has a market cap of £603.08 million, a P/E ratio of 998.18, a P/E/G ratio of 0.34 and a beta of 0.55.

Prs Reit Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, November 14th. 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.