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

Prs Reit (LON:PRSR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 109.20 ($1.42) and last traded at GBX 108 ($1.40), with a volume of 878386 shares changing hands. The stock had previously closed at GBX 107.60 ($1.40).

Analysts Set New Price Targets

Separately, Jefferies Financial Group boosted their target price on shares of Prs Reit from GBX 106 ($1.37) to GBX 120 ($1.56) and gave the company a “buy” rating in a report on Thursday, September 5th.

Prs Reit Trading Up 0.1 %

The business’s fifty day moving average is GBX 99.93 and its 200-day moving average is GBX 86.70. The stock has a market capitalization of £584.01 million, a PE ratio of 965.45, a P/E/G ratio of 0.34 and a beta of 0.55. The company has a quick ratio of 0.39, a current ratio of 0.58 and a debt-to-equity ratio of 60.00.

Prs Reit Company Profile

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.