Prs Reit (LON:PRSR - Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 105.21 ($1.32) and traded as high as GBX 106.80 ($1.34). Prs Reit shares last traded at GBX 106.40 ($1.34), with a volume of 691,772 shares changing hands.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group lifted their price objective on shares of Prs Reit from GBX 106 ($1.33) to GBX 120 ($1.51) and gave the stock a "buy" rating in a research report on Thursday, September 5th.
Check Out Our Latest Stock Report on Prs Reit
Prs Reit Trading Up 0.6 %
The firm has a 50 day moving average of GBX 105.37 and a 200 day moving average of GBX 92.63. The firm has a market cap of £587.70 million, a PE ratio of 972.73, a P/E/G ratio of 0.34 and a beta of 0.55. The company has a quick ratio of 0.39, a current ratio of 0.58 and a debt-to-equity ratio of 60.00.
Prs Reit Announces Dividend
The firm also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Thursday, November 14th. Prs Reit's dividend payout ratio (DPR) is currently 3,636.36%.
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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