Prs Reit Announces Dividend of GBX 1 (LON:PRSR)

Prs Reit (LON:PRSR - Get Free Report) announced a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 14th will be paid a dividend of GBX 1 ($0.01) per share on Friday, November 29th. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, November 14th. The official announcement can be accessed at this link.

Prs Reit Price Performance

Shares of PRSR traded up GBX 0.60 ($0.01) during mid-day trading on Thursday, hitting GBX 106 ($1.38). 741,085 shares of the stock were exchanged, compared to its average volume of 854,094. The company has a market cap of £582.21 million, a PE ratio of 960.00, a price-to-earnings-growth ratio of 0.34 and a beta of 0.55. Prs Reit has a 52-week low of GBX 73.60 ($0.96) and a 52-week high of GBX 109.80 ($1.43). The firm has a 50-day moving average of GBX 101.27 and a two-hundred day moving average of GBX 87.51. The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.39 and a current ratio of 0.58.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their price target 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.

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.