Prs Reit (LON:PRSR) Hits New 12-Month High – What’s Next?

Prs Reit (LON:PRSR)’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.

Prs Reit Price Performance

The company has a market capitalization of £584.97 million, a price-to-earnings ratio of 963.64, a PEG ratio of 0.34 and a beta of 0.55. The company has a current ratio of 0.58, a quick ratio of 0.39 and a debt-to-equity ratio of 60.00. The company’s 50 day simple moving average is GBX 98.40 and its 200-day simple moving average is GBX 85.90.

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.