Prs Reit (LON:PRSR) Trading Down 0.2% – Should You Sell?

Prs Reit (LON:PRSR) shares were down 0.2% during trading 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 were traded during mid-day 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).

Analysts Set New Price Targets

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

Prs Reit Price Performance

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

Prs Reit Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be issued a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, November 14th. This represents a dividend yield of 0.95%. Prs Reit’s dividend payout ratio (DPR) 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.