Prs Reit (PRSR) To Go Ex-Dividend on May 9th

Prs Reit (LON:PRSR) announced a dividend on Tuesday, April 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 9th will be given a dividend of GBX 1 ($0.01) per share on Friday, May 31st. This represents a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 9th. The official announcement can be accessed at this link.

Prs Reit Stock Up 0.3 %

LON:PRSR opened at GBX 78.91 ($0.97) on Thursday. Prs Reit has a fifty-two week low of GBX 65.50 ($0.81) and a fifty-two week high of GBX 88.50 ($1.09). The stock has a market capitalization of £433.41 million, a P/E ratio of 983.75, a P/E/G ratio of 0.34 and a beta of 0.49. The company has a debt-to-equity ratio of 56.87, a quick ratio of 0.39 and a current ratio of 0.14. The company’s 50-day simple moving average is GBX 77.26 and its 200-day simple moving average is GBX 79.54.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 114 ($1.41) price target on shares of Prs Reit in a report on Wednesday, March 20th.

Insider Buying and Selling

In related news, insider Stephen Smith purchased 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average price of GBX 77 ($0.95) per share, with a total value of £34,650 ($42,798.91). 6.66% of the stock is owned by insiders.

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.