Prs Reit (LON:PRSR – Get Free Report)’s share price was down 0.4% on Tuesday . The company traded as low as GBX 76.20 ($0.97) and last traded at GBX 77 ($0.98). Approximately 142,805 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 584,255 shares. The stock had previously closed at GBX 77.30 ($0.98).
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 114 ($1.45) target price on shares of Prs Reit in a research note on Wednesday, March 20th.
Check Out Our Latest Stock Report on PRSR
Prs Reit Stock Down 1.3 %
Prs Reit Announces Dividend
The firm also recently disclosed a dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 9th were given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a dividend yield of 1.27%. Prs Reit’s dividend payout ratio is 5,000.00%.
Insider Transactions at Prs Reit
In related news, insider Stephen Smith purchased 60,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average cost of GBX 77 ($0.98) per share, for a total transaction of £46,200 ($58,607.13). 6.66% of the stock is currently owned by corporate insiders.
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.
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