Insider Selling: Prs Reit (LON:PRSR) Insider Sells 124,990 Shares of Stock

Prs Reit (LON:PRSR) insider David Steffan Francis sold 124,990 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of GBX 114, for a total transaction of £142,488.60.

Prs Reit Price Performance

Shares of PRSR remained flat at GBX 113.40 on Wednesday. 40,136,020 shares of the company traded hands, compared to its average volume of 2,894,504. The stock has a market cap of £622.85 million, a price-to-earnings ratio of 8.10, a P/E/G ratio of 0.34 and a beta of 0.55. Prs Reit has a fifty-two week low of GBX 96.99 and a fifty-two week high of GBX 126. The firm has a 50-day moving average price of GBX 113.22 and a 200 day moving average price of GBX 110.08.

Prs Reit (LON:PRSR) last announced its quarterly earnings data on Tuesday, October 7th. The company reported GBX 4.40 earnings per share for the quarter. Prs Reit had a net margin of 160.59% and a return on equity of 13.28%. On average, sell-side analysts expect that Prs Reit will post 4.4399999 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Prs Reit Company Profile

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.