PRS REIT (LON:PRSR) Hits New 12-Month Low at $97.00

The PRS REIT plc (LON:PRSRGet Rating) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 97 ($1.17) and last traded at GBX 97 ($1.17), with a volume of 213396 shares changing hands. The stock had previously closed at GBX 98.10 ($1.19).

Analysts Set New Price Targets

PRSR has been the topic of several analyst reports. Barclays restated an “equal weight” rating and issued a GBX 96 ($1.16) target price on shares of PRS REIT in a research report on Tuesday, July 26th. Berenberg Bank lowered their target price on PRS REIT from GBX 115 ($1.39) to GBX 100 ($1.21) and set a “hold” rating on the stock in a research report on Wednesday, August 31st.

PRS REIT Trading Down 0.8 %

The business has a 50 day simple moving average of GBX 105.06 and a 200-day simple moving average of GBX 106.68. The company has a debt-to-equity ratio of 56.22, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of £505.31 million and a P/E ratio of 775.00.

PRS REIT Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, August 26th. Shareholders of record on Thursday, August 4th were paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.92%. The ex-dividend date was Thursday, August 4th. PRS REIT’s payout ratio is currently 33.33%.

PRS REIT Company Profile

(Get Rating)

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 is investing over GBP 1bn in a portfolio of high quality homes for private rental across the regions, having raised a total of GBP 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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