Prs Reit (LON:PRSR) Sets New 1-Year High at $92.50

Prs Reit (LON:PRSR - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 92.50 ($1.22) and last traded at GBX 92.50 ($1.22), with a volume of 1290645 shares. The stock had previously closed at GBX 89.50 ($1.18).

Prs Reit Trading Up 5.4 %

The business's 50-day simple moving average is GBX 81.80 and its 200-day simple moving average is GBX 79.38. The company has a debt-to-equity ratio of 60.00, a current ratio of 0.58 and a quick ratio of 0.39. The company has a market cap of £517.94 million, a price-to-earnings ratio of 961.81, a PEG ratio of 0.34 and a beta of 0.53.

Prs Reit Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 8th will be issued a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, August 8th. This represents a yield of 1.22%. Prs Reit's payout ratio is 4,000.00%.

Insider Activity at Prs Reit

In other Prs Reit news, insider Stephen Smith acquired 60,000 shares of the firm's stock in a transaction on Wednesday, June 26th. The stock was bought at an average cost of GBX 77 ($1.02) per share, for a total transaction of £46,200 ($60,925.75). 7.19% of the stock is owned by insiders.

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.