Prs Reit (LON:PRSR - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as GBX 97.50 ($1.29) and last traded at GBX 97.50 ($1.29), with a volume of 136102 shares traded. The stock had previously closed at GBX 97 ($1.28).
Analysts Set New Price Targets
Separately, Jefferies Financial Group upped their price target on Prs Reit from GBX 106 ($1.40) to GBX 120 ($1.59) and gave the company a "buy" rating in a research report on Thursday, September 5th.
Get Our Latest Stock Report on Prs Reit
Prs Reit Stock Performance
The company has a quick ratio of 0.39, a current ratio of 0.58 and a debt-to-equity ratio of 60.00. The firm has a 50-day simple moving average of GBX 85.82 and a 200 day simple moving average of GBX 80.83. The company has a market cap of £533.32 million, a price-to-earnings ratio of 977.75, a price-to-earnings-growth ratio of 0.34 and a beta of 0.53.
Prs Reit Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 8th were paid 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 payout ratio is 4,000.00%.
Insider Buying and Selling
In other news, insider Stephen Smith bought 60,000 shares of Prs Reit stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average cost of GBX 77 ($1.02) per share, with a total value of £46,200 ($61,030.38). 7.19% of the stock is owned by company insiders.
About Prs Reit
(
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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.
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