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PRS REIT Plc ( (GB:PRSR) ) has provided an update.
The PRS REIT plc has announced a proposed sale of its operating subsidiary, PRS Holdco, to a fund advised by Waypoint Asset Management Limited for approximately £646.2 million. This sale, expected to be completed by November 2025, will provide significant cash returns to shareholders and is part of the company’s ongoing strategic review and formal sale process. The board believes this transaction offers the greatest certainty and return compared to other proposals, and plans to seek shareholder approval for voluntary liquidation to distribute net assets post-sale.
The most recent analyst rating on (GB:PRSR) stock is a Hold with a £1.15 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 for capital growth by investing in high-quality rental homes. The company has invested over £1 billion in its portfolio and is supported by the UK Government’s Homes England. It is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Average Trading Volume: 1,680,772
Technical Sentiment Signal: Buy
Current Market Cap: £575.6M
For a thorough assessment of PRSR stock, go to TipRanks’ Stock Analysis page.