Shares of Prs Reit (LON:PRSR – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 97.50 ($1.28) and last traded at GBX 97.50 ($1.28), with a volume of 136102 shares. The stock had previously closed at GBX 97 ($1.27).
Analyst Ratings Changes
Separately, Jefferies Financial Group increased their target price on shares of Prs Reit from GBX 106 ($1.39) to GBX 120 ($1.57) and gave the stock a “buy” rating in a report on Thursday, September 5th.
View Our Latest Stock Report on Prs Reit
Prs Reit Trading Up 0.8 %
Prs Reit Announces Dividend
The firm also recently declared a dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 8th were given a dividend of GBX 1 ($0.01) per share. The ex-dividend date was Thursday, August 8th. This represents a yield of 1.22%. Prs Reit’s dividend payout ratio (DPR) is 4,000.00%.
Insider Transactions at Prs Reit
In other Prs Reit news, insider Stephen Smith bought 60,000 shares of the stock in a transaction on Wednesday, June 26th. The stock was purchased at an average price of GBX 77 ($1.01) per share, for a total transaction of £46,200 ($60,415.85). Corporate insiders own 7.19% of the company’s stock.
About Prs Reit
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.
Recommended Stories
- Five stocks we like better than Prs Reit
- When to Sell a Stock for Profit or Loss
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- How Investors Can Find the Best Cheap Dividend Stocks
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
Receive News & Ratings for Prs Reit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prs Reit and related companies with MarketBeat.com's FREE daily email newsletter.