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

Prs Reit (LON:PRSR) traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as GBX 112.80 and last traded at GBX 113.13. 16,063,485 shares changed hands 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.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their target price on shares of Prs Reit from GBX 107 to GBX 115 and gave the company a “hold” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 115.

Prs Reit Stock Down 0.2%

The stock has a market cap of £618.46 million, a P/E ratio of 8.04, a P/E/G ratio of 0.34 and a beta of 0.55. The firm has a 50 day moving average price of GBX 112.41 and a 200 day moving average price of GBX 110.27.

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