PRS Reit PLC (LON:PRSR) declared a dividend on Wednesday, July 31st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 8th will be paid a dividend of GBX 2 ($0.03) per share on Friday, August 30th. This represents a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, August 8th. The official announcement can be seen at this link.
Shares of LON PRSR opened at GBX 91 ($1.19) on Tuesday. The firm has a market cap of $450.70 million and a price-to-earnings ratio of 41.36. PRS Reit has a 1-year low of GBX 0.95 ($0.01) and a 1-year high of GBX 105 ($1.37). The business has a fifty day moving average of GBX 95.13.
In related news, insider David Steffan Francis bought 20,000 shares of PRS Reit stock in a transaction that occurred on Thursday, June 27th. The stock was purchased at an average cost of GBX 94 ($1.23) per share, with a total value of £18,800 ($24,565.53).
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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