PRS Reit PLC 46.9% potential upside indicated by Jefferies

PRS Reit PLC with ticker (LON:PRSR) now has a potential upside of 46.9% according to Jefferies.



Jefferies set a target price of 114 GBX for the company, which when compared to the PRS Reit PLC share price of 78 GBX at opening today (05/04/2024) indicates a potential upside of 46.9%. Trading has ranged between 66 (52 week low) and 89 (52 week high) with an average of 576,971 shares exchanging hands daily. The market capitalisation at the time of writing is £424,718,440.

The PRS REIT plc is a United Kingdom-based 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, and the prospect of income and capital growth through the establishment of a portfolio of newly constructed residential rental homes in or near towns and cities in the United Kingdom for the PRS. The Company’s portfolio of homes is targeted at the family market. The Company invests in multiple sites across the United Kingdom, targeting the employment centers in England, predominantly in the Midlands and North, and outside London. It also invests in low-rise flats in locations to broaden the rental offering. The Company is creating a portfolio of newly built, rental homes across the main conurbations of England, outside London. The Company has approximately 5010 completed homes and over 516 contracted homes. The Company’s investment adviser is Sigma PRS Management Ltd.