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

Shares of Prs Reit (LON:PRSR) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 109 ($1.42) and last traded at GBX 108 ($1.40), with a volume of 1075271 shares trading hands. The stock had previously closed at GBX 103.80 ($1.35).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their price target on shares of Prs Reit from GBX 106 ($1.38) to GBX 120 ($1.56) and gave the company a “buy” rating in a research report on Thursday, September 5th.

Prs Reit Price Performance

The firm has a market capitalization of £593.19 million, a price-to-earnings ratio of 950.33, a price-to-earnings-growth 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. The company’s fifty day moving average is GBX 97.65 and its two-hundred day moving average is GBX 85.49.

Prs Reit Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 8th were paid a GBX 1 ($0.01) dividend. This represents a yield of 1.22%. The ex-dividend date was Thursday, August 8th. Prs Reit’s payout ratio is presently 3,636.36%.

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.