Prs Reit (LON:PRSR) Hits New 12-Month High - Should You Buy?

Prs Reit (LON:PRSR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company 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 lifted their target price on Prs Reit from GBX 106 ($1.38) to GBX 120 ($1.56) and gave the company a "buy" rating in a report on Thursday, September 5th.

Prs Reit Stock Performance

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 fifty day moving average of GBX 98.04 and a two-hundred day moving average of GBX 85.70. The stock has a market capitalization of £592.09 million, a P/E ratio of 980.00, a price-to-earnings-growth ratio of 0.34 and a beta of 0.55.

Prs Reit Announces Dividend

The business also recently declared a dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 8th were given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 1.22%. The ex-dividend date was Thursday, August 8th. Prs Reit's payout ratio is 3,636.36%.

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.