Prs Reit (LON:PRSR) Sets New 12-Month High – Should You Buy?

Prs Reit (LON:PRSR) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 110 ($1.35) and last traded at GBX 110 ($1.35), with a volume of 1373 shares. The stock had previously closed at GBX 109 ($1.34).

Prs Reit Price Performance

The firm has a market capitalization of £575.61 million, a price-to-earnings ratio of 952.73, a price-to-earnings-growth ratio of 0.34 and a beta of 0.55. The stock’s fifty day moving average price is GBX 106.10 and its two-hundred day moving average price is GBX 95.96. 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 Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued 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 payout ratio is 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.