Prs Reit (LON:PRSR – Get Free Report)’s stock price reached a new 52-week high during mid-day 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 traded. The stock had previously closed at GBX 103.80 ($1.35).
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group raised 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.
View Our Latest Stock Analysis on PRSR
Prs Reit Price Performance
Prs Reit Announces Dividend
The firm also recently declared a dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 8th were issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 1.22%. Prs Reit’s dividend payout ratio (DPR) is presently 3,636.36%.
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.
Further Reading
- Five stocks we like better than Prs Reit
- How to Invest in Insurance Companies: A Guide
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- What Are Dividend Challengers?
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Canada Bond Market Holiday: How to Invest and Trade
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Prs Reit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prs Reit and related companies with MarketBeat.com's FREE daily email newsletter.