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PRS REIT Plc ( (GB:PRSR) ) has shared an update.
The PRS REIT has announced that it has received consent for a change of control within the Scottish Widows Facilities, satisfying a key condition for the proposed sale of The PRS REIT Holding Company Limited. The sale is now contingent only on shareholder approval at the upcoming General Meeting. If approved, the board intends to seek approval for the company’s voluntary liquidation to distribute net assets to shareholders.
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), aiming to provide shareholders with attractive income levels and potential capital growth. The company has invested over £1 billion in high-quality homes for private rental across the UK, supported by government investments, and is listed on the London Stock Exchange’s Main Market as part of the FTSE 250 Index.
Average Trading Volume: 3,956,895
Technical Sentiment Signal: Strong Buy
Current Market Cap: £618.5M
Find detailed analytics on PRSR stock on TipRanks’ Stock Analysis page.