Prs Reit (LON:PRSR) Sets New 52-Week High – Here’s What Happened

Prs Reit (LON:PRSR) hit a new 52-week high on Wednesday . The stock traded as high as GBX 110 ($1.35) and last traded at GBX 110 ($1.35), with a volume of 1373 shares. The stock had previously closed at GBX 109 ($1.34).

Prs Reit Stock Up 0.4 %

The company has a market capitalization of £575.61 million, a price-to-earnings ratio of 952.73, a PEG ratio of 0.34 and a beta of 0.55. The company has a current ratio of 0.58, a quick ratio of 0.39 and a debt-to-equity ratio of 60.00. The firm’s 50 day simple moving average is GBX 106.10 and its 200-day simple moving average is GBX 95.96.

Prs Reit Announces Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a dividend yield of 0.95%. Prs Reit’s dividend payout ratio (DPR) is 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.