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PRS REIT Plc ( (GB:PRSR) ) has shared an announcement.
The PRS REIT plc announced the successful passing of all resolutions at its Annual General Meeting, with resolutions 1 to 11 passed as ordinary resolutions and 12 to 15 as special resolutions. Despite the overall support, Resolution 7 regarding the re-appointment of Christopher Mills faced notable opposition due to concerns over his multiple directorships. The board, however, expressed confidence in his commitment to the role. This outcome underscores the company’s ongoing engagement with shareholders and its commitment to maintaining effective governance.
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 capital growth by investing in high-quality homes for private rental. 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 FT250 Index, boasting the largest build-to-rent single-family rental portfolio in the UK.
Average Trading Volume: 4,396,169
Technical Sentiment Signal: Strong Buy
Current Market Cap: £629.4M
See more insights into PRSR stock on TipRanks’ Stock Analysis page.