Prs Reit (LON:PRSR) Insider Acquires £46,200 in Stock

Prs Reit (LON:PRSR) insider Stephen Smith purchased 60,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average cost of GBX 77 ($0.98) per share, for a total transaction of £46,200 ($58,607.13).

Prs Reit Trading Down 1.0 %

Shares of PRSR stock opened at GBX 76.24 ($0.97) on Thursday. The stock has a 50-day simple moving average of GBX 78.84 and a 200 day simple moving average of GBX 79.93. Prs Reit has a fifty-two week low of GBX 65.50 ($0.83) and a fifty-two week high of GBX 88.50 ($1.12). The stock has a market capitalization of £418.75 million, a P/E ratio of 962.50, a P/E/G ratio of 0.34 and a beta of 0.49. The company has a quick ratio of 0.39, a current ratio of 0.14 and a debt-to-equity ratio of 56.87.

Prs Reit Announces Dividend

The business also recently declared a dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 9th were paid a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a yield of 1.27%. Prs Reit’s dividend payout ratio is currently 5,000.00%.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 114 ($1.45) price target on shares of Prs Reit in a report on Wednesday, March 20th.

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.