Prs Reit (LON:PRSR) Shares Down 0.2% – Here’s What Happened

Prs Reit (LON:PRSR) dropped 0.2% on Thursday . The company traded as low as GBX 103.60 ($1.32) and last traded at GBX 104 ($1.32). Approximately 300,829 shares changed hands during 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).

Analyst Ratings Changes

Separately, Jefferies Financial Group boosted their price target on Prs Reit from GBX 106 ($1.35) to GBX 120 ($1.52) and gave the company a “buy” rating in a research note on Thursday, September 5th.

Prs Reit Stock Performance

The stock has a 50 day simple moving average of GBX 104.20 and a 200 day simple moving average of GBX 90.35. The stock has a market cap of £571.22 million, a P/E ratio of 945.45, a price-to-earnings-growth ratio of 0.34 and a beta of 0.55. The company has a current ratio of 0.58, a quick ratio of 0.39 and a debt-to-equity ratio of 60.00.

Prs Reit Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be paid a GBX 1 ($0.01) dividend. This represents a 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.