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PRS REIT Plc ( (GB:PRSR) ) has issued an announcement.
PRS REIT plc has completed a consultation with shareholders regarding its strategic review and formal sale process. The company will continue engaging with potential buyers, including Long Harbour, although there is no certainty of an offer. PRS REIT will also explore other strategic options, with further updates to follow.
The most recent analyst rating on (GB:PRSR) stock is a Hold with a £1.02 price target. To see the full list of analyst forecasts on PRS REIT Plc stock, see the GB:PRSR Stock Forecast page.
Spark’s Take on GB:PRSR Stock
According to Spark, TipRanks’ AI Analyst, GB:PRSR is a Outperform.
PRS REIT Plc benefits from strong financial performance, with robust cash flows and a stable balance sheet. The technical analysis suggests neutral momentum, while its low valuation and attractive dividend yield provide significant upside potential. The strategic review and potential acquisition proposals further highlight potential for increased shareholder value, making the stock an attractive investment.
To see Spark’s full report on GB:PRSR stock, click here.
More about PRS REIT Plc
The PRS REIT plc is a closed-ended real estate investment trust focused on the Private Rented Sector (PRS) in the UK. It aims to provide shareholders with attractive income levels and potential capital growth by investing over £1bn in high-quality rental homes. The company, supported by the UK Government’s Homes England, is listed on the London Stock Exchange and is part of the FTSE 250 Index, boasting the largest build-to-rent single-family rental portfolio in the UK.
Average Trading Volume: 1,483,571
Technical Sentiment Signal: Buy
Current Market Cap: £587.7M
For detailed information about PRSR stock, go to TipRanks’ Stock Analysis page.