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

Prs Reit (LON:PRSR) declared a dividend on Tuesday, April 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 9th will be paid a dividend of GBX 1 ($0.01) per share on Friday, May 31st. This represents a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 9th. The official announcement can be viewed at this link.

Prs Reit Stock Down 0.2 %

Shares of LON PRSR opened at GBX 80.70 ($1.01) on Wednesday. Prs Reit has a 52-week low of GBX 65.50 ($0.82) and a 52-week high of GBX 88.50 ($1.11). The company has a debt-to-equity ratio of 56.87, a quick ratio of 0.39 and a current ratio of 0.14. The business has a fifty day moving average of GBX 77.82 and a two-hundred day moving average of GBX 80. The stock has a market cap of £443.24 million, a PE ratio of 1,011.25, a PEG ratio of 0.34 and a beta of 0.49.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 114 ($1.43) price target on shares of Prs Reit in a research report on Wednesday, March 20th.

Insider Buying and Selling

In other Prs Reit news, insider Stephen Smith bought 45,000 shares of the stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of GBX 77 ($0.97) per share, for a total transaction of £34,650 ($43,530.15). 6.66% of the stock is owned by corporate insiders.

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.