PRS Reit PLC -2.6% potential downside indicated by Berenberg Bank

PRS Reit PLC with ticker (LON:PRSR) now has a potential downside of -2.6% according to Berenberg Bank.



Berenberg Bank set a target price of 100 GBX for the company, which when compared to the PRS Reit PLC share price of 103 GBX at opening today (13/09/2022) indicates a potential downside of -2.6%. Trading has ranged between 97 (52 week low) and 114 (52 week high) with an average of 596,655 shares exchanging hands daily. The market capitalisation at the time of writing is £561,637,003.

The PRS REIT plc is a United Kingdom-based, closed-ended real estate investment trust that focuses on the private rented sector (PRS). The Company’s investment objective is to provide investors with an attractive level of income, together with the prospect of income and capital growth. The Company is creating a portfolio of newly built, professionally managed rental homes across the main conurbations of England, outside London. The Company has approximately 4,786 completed homes and over 693 contracted homes, and about 68 completed and contacted sites. The Company’s investment adviser is Sigma PRS Management Ltd.