Prs Reit (LON:PRSR) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Prs Reit (LON:PRSR)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 105.21 ($1.34) and traded as high as GBX 106.80 ($1.36). Prs Reit shares last traded at GBX 106.40 ($1.35), with a volume of 691,772 shares.

Analyst Upgrades and Downgrades

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

Prs Reit Trading Up 0.6 %

The stock has a market cap of £587.70 million, a PE ratio of 967.27, a PEG ratio of 0.34 and a beta of 0.55. 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 fifty day moving average price of GBX 105.21 and a 200 day moving average price of GBX 92.43.

Prs Reit Announces Dividend

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