Roderick MacLeod, an insider at Prs Reit (LON:PRSR), sold £141,360 worth of company stock on December 8, 2023. The transaction involved 124,000 shares, which were sold at an average price of GBX 114. This move has drawn attention as it reflects the insider’s confidence and strategy regarding the company’s future.
Current Market Performance
On December 8, shares of Prs Reit opened at GBX 113.40. Over the past year, the stock has fluctuated, reaching a low of GBX 96.99 and a high of GBX 126. The company currently holds a market capitalization of £622.85 million, with a price-to-earnings (P/E) ratio of 8.10. Additionally, the P/E/G ratio sits at 0.34, indicating potential growth relative to earnings. The stock’s beta stands at 0.55, suggesting lower volatility compared to the market.
In terms of moving averages, Prs Reit has a 50-day average of GBX 113.32 and a 200-day average of GBX 110.12. These figures provide insights into the stock’s performance trends, indicating stability in its recent pricing.
Financial Insights
Prs Reit released its quarterly earnings results on October 7, 2023, reporting earnings per share (EPS) of GBX 4.40. This performance highlights the company’s strong profitability, evidenced by a return on equity of 13.28% and an impressive net margin of 160.59%. Analysts predict that Prs Reit will achieve an EPS of approximately 4.44 for the current fiscal year, suggesting continued growth potential.
The PRS REIT plc is structured as a closed-ended real estate investment trust focused on the Private Rented Sector. Its primary goal is to generate attractive income for shareholders while pursuing capital growth. The company is actively investing over £1 billion in a portfolio of high-quality rental homes, predominantly across major regions in England.
As the market continues to evolve, investors and analysts alike will be closely monitoring Prs Reit’s performance and strategic decisions, particularly after insider transactions such as that of Roderick MacLeod.
