Analyst Price Target is GBX 95.50
▲ +10.10% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for PRS REIT in the last 3 months. The average price target is GBX 95.50, with a high forecast of GBX 96 and a low forecast of GBX 95. The average price target represents a 10.10% upside from the last price of GBX 86.74.
Current Consensus is
Hold
The current consensus among 2 investment analysts is to hold stock in PRS REIT. This Hold consensus rating has held steady for over two years.
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 is investing over GBP 1bn in a portfolio of high quality homes for private rental across the regions, having raised a total of GBP 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. In 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. The Company has over 4,500 new rental homes in its portfolio, which the Company believes is the largest build-to-rent single family rental portfolio in the UK.
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