Prs Reit (LON:PRSR) Sets New 52-Week High – Here’s Why

Prs Reit (LON:PRSR) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 109.20 ($1.36) and last traded at GBX 109.20 ($1.36), with a volume of 299885 shares traded. The stock had previously closed at GBX 107.60 ($1.34).

Prs Reit Stock Performance

The company has a quick ratio of 0.39, a current ratio of 0.58 and a debt-to-equity ratio of 60.00. The stock has a market cap of £603.08 million, a P/E ratio of 998.18, a PEG ratio of 0.34 and a beta of 0.55. The stock has a fifty day simple moving average of GBX 106.10 and a 200-day simple moving average of GBX 95.10.

Prs Reit Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Thursday, November 14th. Prs Reit’s payout ratio is presently 3,636.36%.

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.