Prs Reit (LON:PRSR) Shares Down 0.1% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Prs Reit Price Performance

The stock’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 PEG ratio of 0.34 and a beta of 0.55.

Prs Reit (LON:PRSR) last posted 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 net margin of 160.59% and a return on equity of 13.28%. As a group, analysts expect that Prs Reit will post 4.4399999 EPS for the current fiscal year.

About Prs Reit

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.