Prs Reit Declares Dividend of GBX 1 (LON:PRSR)

Prs Reit (LON:PRSR) declared a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Shareholders 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 dividend yield of 0.95%. The ex-dividend date is Thursday, November 14th. The official announcement can be seen at this link.

Prs Reit Stock Down 0.3 %

PRSR stock opened at GBX 104.89 ($1.35) on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.58 and a debt-to-equity ratio of 60.00. The business has a 50 day moving average of GBX 102.07 and a 200 day moving average of GBX 88.11. Prs Reit has a twelve month low of GBX 73.60 ($0.95) and a twelve month high of GBX 109.80 ($1.41). The firm has a market cap of £576.12 million, a PE ratio of 972.91, a price-to-earnings-growth ratio of 0.34 and a beta of 0.55.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their price target on Prs Reit from GBX 106 ($1.36) to GBX 120 ($1.54) and gave the stock a “buy” rating in a research report 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.