Prs Reit (LON:PRSR) Stock Price Down 0.2% - Here's Why

Shares of Prs Reit (LON:PRSR - Get Free Report) dropped 0.2% on Thursday . The stock traded as low as GBX 103.60 ($1.32) and last traded at GBX 104 ($1.32). Approximately 300,829 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 865,846 shares. The stock had previously closed at GBX 104.20 ($1.32).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their target price on shares of Prs Reit from GBX 106 ($1.35) to GBX 120 ($1.52) and gave the company a "buy" rating in a research report on Thursday, September 5th.

Prs Reit Stock Up 0.2 %

The firm has a market cap of £572.32 million, a price-to-earnings ratio of 945.45, a price-to-earnings-growth ratio of 0.34 and a beta of 0.55. The stock's 50 day moving average is GBX 104.20 and its 200 day moving average is GBX 90.35. 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 Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, November 14th. Prs Reit's dividend payout ratio (DPR) is presently 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.