Primary Health Properties (LON:PHP) Earns “Buy” Rating from Berenberg Bank

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued on Thursday,Digital Look reports. They presently have a GBX 128 price target on the real estate investment trust’s stock. Berenberg Bank’s target price points to a potential upside of 31.15% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a GBX 105 price objective on shares of Primary Health Properties in a research note on Wednesday, April 15th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 118 target price on shares of Primary Health Properties in a research note on Thursday, July 2nd. JPMorgan Chase & Co. increased their target price on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 115 price target on shares of Primary Health Properties in a research report on Thursday, June 25th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a research report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 114.20.

Primary Health Properties Stock Performance

Shares of Primary Health Properties stock opened at GBX 97.60 on Thursday. The company has a market cap of £2.53 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. Primary Health Properties has a 52 week low of GBX 87.40 and a 52 week high of GBX 109.60. The business has a 50 day moving average price of GBX 93.35 and a 200-day moving average price of GBX 97.13. The company has a quick ratio of 0.62, a current ratio of 6.67 and a debt-to-equity ratio of 129.48.

Primary Health Properties (LON:PHP) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share for the quarter. Primary Health Properties had a return on equity of 6.03% and a net margin of 45.95%. Equities analysts anticipate that Primary Health Properties will post 7.0875912 earnings per share for the current fiscal year.

Primary Health Properties Company Profile

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth.

To achieve this, PHP invests in healthcare real estate let on long-term leases, backed by secure underlying covenants where the majority of rental income is funded directly or indirectly by a government body.