PRS Reit PLC 25.0% potential upside indicated by Jefferies

PRS Reit PLC with ticker (LON:PRSR) now has a potential upside of 25.0% according to Jefferies.

PRSR.L

Jefferies set a target price of 120 GBX for the company, which when compared to the PRS Reit PLC share price of 96 GBX at opening today (06/09/2024) indicates a potential upside of 25.0%. Trading has ranged between 66 (52 week low) and 98 (52 week high) with an average of 839,386 shares exchanging hands daily. The market capitalisation at the time of writing is £522,338,073.

The PRS REIT plc is a United Kingdom-based 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. It utilizes the Investment Adviser’s PRS property delivery and management platform (the Sigma PRS Platform). The Company’s portfolio of homes is targeted at the family market, which is the largest segment within the PRS. The Company has concentrated on traditional housing, with broad appeal across the demand spectrum, and its portfolio comprises differing house types, built to standardized specifications. They cater for different life stages, including smaller houses for young couples and retirees, and larger houses for growing families. The Company has also invested in some low-rise flats in appropriate locations to broaden its rental offering. The Company’s Investment Adviser is Sigma PRS Management Ltd.