Analyst Price Target is GBX 120
▲ +11.52% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Prs Reit in the last 3 months. The average price target is GBX 120, with a high forecast of GBX 120 and a low forecast of GBX 120. The average price target represents a 11.52% upside from the last price of GBX 107.60.
Current Consensus is
Buy
The current consensus among 1 investment analysts is to buy stock in Prs Reit. This rating has held steady since March 2024, when it changed from a Moderate Buy consensus rating.
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company has investment of over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government's Homes England has supported the Company with direct investments. On 2 March 2021, the Company transferred its entire issued share capital to the premium listing segment of the Official List of the FCA and to the London Stock Exchange's premium segment of the Main Market. Now comprising over 5,000 build-to-rent homes, the Company believes its portfolio is the largest build-to-rent single-family rental portfolio in the UK.
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