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

Prs Reit (LON:PRSR) declared a dividend on Thursday, November 7th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 14th will be given 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 of this dividend is Thursday, November 14th. The official announcement can be seen at this link.

Prs Reit Stock Up 0.2 %

Prs Reit stock opened at GBX 105.60 ($1.37) on Thursday. Prs Reit has a one year low of GBX 73.60 ($0.96) and a one year high of GBX 109.80 ($1.43). The stock has a fifty day moving average of GBX 101.27 and a 200 day moving average of GBX 87.51. The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.39 and a current ratio of 0.58. The stock has a market cap of £580.01 million, a PE ratio of 974.67, a price-to-earnings-growth ratio of 0.34 and a beta of 0.55.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their price objective on shares of Prs Reit from GBX 106 ($1.38) to GBX 120 ($1.56) and gave the stock a “buy” rating in a research note 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.