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PRS REIT Plc ( (GB:PRSR) ) has provided an update.
The PRS REIT plc announced that Roderick MacRae, a Non-executive Director, has sold 124,000 ordinary shares, reducing his holding to 1,000 shares, which represents a negligible percentage of the company’s total voting rights. This transaction, conducted on the London Stock Exchange, reflects a significant reduction in MacRae’s stake, potentially impacting investor perceptions and signaling changes in the company’s leadership dynamics.
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 operates in the real estate investment sector, focusing on the development and management of private rental properties in the UK. The company aims to provide quality housing solutions to meet the growing demand for rental homes.
Average Trading Volume: 5,235,859
Technical Sentiment Signal: Strong Buy
Current Market Cap: £622.9M
For an in-depth examination of PRSR stock, go to TipRanks’ Overview page.