Insider Selling: Prs Reit (LON:PRSR) Insider Sells 124,000 Shares of Stock

Prs Reit (LON:PRSR) insider Roderick MacLeod (Rod) MacRae sold 124,000 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of GBX 114, for a total transaction of £141,360.

Prs Reit Stock Performance

PRSR stock remained flat at GBX 113.40 during midday trading on Wednesday. The company had a trading volume of 40,136,020 shares, compared to its average volume of 2,894,504. The business has a 50 day simple moving average of GBX 113.22 and a 200-day simple moving average of GBX 110.08. Prs Reit has a fifty-two week low of GBX 96.99 and a fifty-two week high of GBX 126. The stock has a market capitalization of £622.85 million, a P/E ratio of 8.10, a PEG ratio of 0.34 and a beta of 0.55.

Prs Reit (LON:PRSR) last posted its earnings results on Tuesday, October 7th. The company reported GBX 4.40 EPS for the quarter. Prs Reit had a return on equity of 13.28% and a net margin of 160.59%. On average, equities analysts predict that Prs Reit will post 4.4399999 earnings per share for the current year.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised their price target on shares of Prs Reit from GBX 107 to GBX 115 and gave the company a “hold” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 115.

About Prs Reit

www.theprsreit.com
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector (“PRS”). It aims to provide shareholders with an attractive level of income together with the potential for capital and income growth.

The Company is investing over £1bn in a portfolio of high-quality homes for private rental, mainly across the major regions of England.