PRS REIT plc Updates on Strategic Review and Sale Process

The latest update is out from PRS REIT Plc ( (GB:PRSR) ).

The PRS REIT plc has provided an update on its strategic review and formal sale process, which began in October 2024. The company received several non-binding proposals, with Long Harbour offering 115 pence per share in cash for the acquisition. Discussions with Long Harbour are ongoing, with no certainty of an offer being finalized. The board is exploring all options to maximize shareholder value and plans to consult with shareholders, expecting to provide further updates by the end of July 2025.

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 for capital growth through its investment in high-quality homes for private rental. The company has invested over £1 billion in its portfolio, supported by the UK Government’s Homes England, and is listed on the London Stock Exchange’s Main Market as part of the FTSE 250 Index.

Average Trading Volume: 1,363,783

Technical Sentiment Signal: Buy

Current Market Cap: £617.4M

See more data about PRSR stock on TipRanks’ Stock Analysis page.