PRS Reit (LON:PRSR) Shares Down 0.5%

PRS Reit PLC (LON:PRSR)’s stock price traded down 0.5% during mid-day trading on Friday . The stock traded as low as GBX 73.41 ($0.90) and last traded at GBX 74 ($0.91), 66,739 shares traded hands during mid-day trading. A decline of 77% from the average session volume of 285,634 shares. The stock had previously closed at GBX 74.40 ($0.92).

Separately, Berenberg Bank raised their target price on PRS Reit from GBX 110 ($1.35) to GBX 1,150 ($14.15) and gave the stock a “buy” rating in a research report on Friday, May 15th.

The firm has a market capitalization of $365.02 million and a PE ratio of 20.47. The company has a debt-to-equity ratio of 20.58, a current ratio of 2.83 and a quick ratio of 2.83. The firm has a 50-day simple moving average of GBX 74.75 and a 200-day simple moving average of GBX 77.66.

The company also recently announced a dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a yield of 1.35%. PRS Reit’s payout ratio is 2.22%.

PRS Reit Company Profile (LON:PRSR)

The PRS REIT is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth. It has raised a total of £500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018.

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