Primary Health Properties (LON:PHP) Given “House Stock” Rating at Shore Capital Group

Primary Health Properties (LON:PHP)‘s stock had its “house stock” rating reissued by research analysts at Shore Capital Group in a note issued to investors on Thursday,Digital Look reports.

PHP has been the topic of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 118 target price on shares of Primary Health Properties in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 115 price objective on shares of Primary Health Properties in a research note on Thursday, June 25th. JPMorgan Chase & Co. lifted their price target on Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 105 price objective on shares of Primary Health Properties in a research report on Wednesday, April 15th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 128 price target on shares of Primary Health Properties in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Primary Health Properties presently has an average rating of “Moderate Buy” and an average price target of GBX 114.20.

Primary Health Properties Price Performance

Shares of PHP opened at GBX 96.90 on Thursday. The stock has a market capitalization of £2.51 billion, a P/E ratio of 14.68, a P/E/G ratio of 5.64 and a beta of 0.79. The company has a 50 day moving average of GBX 93.35 and a 200-day moving average 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 has a twelve month low of GBX 87.40 and a twelve month high of GBX 109.60.

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