Prs Reit (LON:PRSR) Stock Price Down 0.1% – Here’s Why

Prs Reit (LON:PRSR)’s share price traded down 0.1% during trading on Wednesday . The stock traded as low as GBX 112.80 and last traded at GBX 113.13. 16,063,485 shares were traded during trading, an increase of 621% from the average session volume of 2,226,760 shares. The stock had previously closed at GBX 113.20.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their price objective on Prs Reit from GBX 107 to GBX 115 and gave the company a “hold” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 115.

Prs Reit Stock Performance

The business’s 50-day moving average price is GBX 112.10 and its 200 day moving average price is GBX 110.27. The company has a market cap of £621.37 million, a P/E ratio of 8.08, a P/E/G ratio of 0.34 and a beta of 0.55.

Prs Reit (LON:PRSR) last released its quarterly earnings data on Tuesday, October 7th. The company reported GBX 4.40 earnings per share (EPS) for the quarter. Prs Reit had a return on equity of 13.28% and a net margin of 160.59%. Equities research analysts forecast that Prs Reit will post 4.4399999 earnings per share for the current year.

Prs Reit Company Profile

www.theprsreit.com
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector (“PRS”). It aims to provide shareholders with an attractive level of income together with the potential for capital and income growth.

The Company is investing over £1bn in a portfolio of high-quality homes for private rental, mainly across the major regions of England.