Prs Reit (LON:PRSR) Declares GBX 1 Dividend

Prs Reit (LON:PRSR) announced a dividend on Tuesday, April 23rd, Upcoming.Co.Uk reports. Investors 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 accessed at this link.

Prs Reit Price Performance

Shares of LON PRSR opened at GBX 78.91 ($0.97) on Thursday. The company has a debt-to-equity ratio of 56.87, a current ratio of 0.14 and a quick ratio of 0.39. The stock has a fifty day moving average price of GBX 77.26 and a 200 day moving average price of GBX 79.54. Prs Reit has a 1-year low of GBX 65.50 ($0.81) and a 1-year high of GBX 88.50 ($1.09). The company has a market cap of £433.41 million, a PE ratio of 983.75, a P/E/G ratio of 0.34 and a beta of 0.49.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 114 ($1.41) price objective on shares of Prs Reit in a research report on Wednesday, March 20th.

Insiders Place Their Bets

In other Prs Reit news, insider Stephen Smith acquired 45,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was purchased at an average price of GBX 77 ($0.95) per share, for a total transaction of £34,650 ($42,798.91). 6.66% of the stock is currently owned by company insiders.

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.