Key Points
- Insider sale: Roderick MacLeod sold 124,000 shares of Prs Reit on December 8 at an average price of GBX 114, generating proceeds of £141,360.
- Market and analyst view: The stock opened at GBX 113.40 with a market cap of £622.85m and a P/E of 8.10, and Jefferies raised its price target to GBX 115 while maintaining a "Hold" rating (consensus rating: Hold, average PT GBX 115).
- Business and results: PRS REIT invests in the private rented sector with over £1bn deployed in homes; it reported quarterly EPS of GBX 4.40 (ROE 13.28%, net margin 160.59%) and analysts expect ~GBX 4.44 EPS for the fiscal year.
Prs Reit (LON:PRSR - Get Free Report) insider Roderick MacLeod (Rod) MacRae sold 124,000 shares of the company's stock in a transaction dated Monday, December 8th. The shares were sold at an average price of GBX 114, for a total transaction of £141,360.
Prs Reit Price Performance
Shares of Prs Reit stock opened at GBX 113.40 on Thursday. The stock's 50 day simple moving average is GBX 113.25 and its 200-day simple moving average is GBX 110.10. The stock has a market cap of £622.85 million, a P/E ratio of 8.10, a P/E/G ratio of 0.34 and a beta of 0.55. Prs Reit has a 1-year low of GBX 96.99 and a 1-year high of GBX 126.
Prs Reit (LON:PRSR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 7th. The company reported GBX 4.40 EPS for the quarter. Prs Reit had a return on equity of 13.28% and a net margin of 160.59%. As a group, research analysts expect that Prs Reit will post 4.4399999 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group boosted their price target on shares of Prs Reit from GBX 107 to GBX 115 and gave the company a "hold" rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Prs Reit currently has an average rating of "Hold" and an average price target of GBX 115.
Get Our Latest Stock Analysis on Prs Reit
About Prs Reit
(
Get Free Report)
www.theprsreit.com
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS"). It aims to provide shareholders with an attractive level of income together with the potential for capital and income growth.
The Company is investing over £1bn in a portfolio of high-quality homes for private rental, mainly across the major regions of England.
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