Prs Reit (LON:PRSR) Trading Down 0.2% – Time to Sell?

Prs Reit (LON:PRSR)’s stock price traded down 0.2% during trading on Thursday . The company traded as low as GBX 103.60 ($1.32) and last traded at GBX 104 ($1.32). 300,829 shares traded hands during trading, a decline of 65% from the average session volume of 865,846 shares. The stock had previously closed at GBX 104.20 ($1.33).

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their price objective on shares of Prs Reit from GBX 106 ($1.35) to GBX 120 ($1.53) and gave the company a “buy” rating in a research note on Thursday, September 5th.

Prs Reit Trading Down 0.2 %

The stock has a market cap of £570.12 million, a price-to-earnings ratio of 947.27, a PEG ratio of 0.34 and a beta of 0.55. The business has a fifty day simple moving average of GBX 104.27 and a 200 day simple moving average of GBX 90.52. The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.39 and a current ratio of 0.58.

Prs Reit Dividend Announcement

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