Primary Health Properties’ (PHP) “Buy” Rating Reiterated at Jefferies Financial Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 107 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 18.63% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 115 price objective on shares of Primary Health Properties in a research note on Friday, July 31st. Berenberg Bank upped their target price on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Shore Capital Group reissued a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Four investment 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 has an average rating of “Moderate Buy” and an average price target of GBX 113.

Primary Health Properties Stock Up 0.2%

Shares of LON PHP opened at GBX 90.20 on Thursday. The firm has a market capitalization of £2.34 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37. Primary Health Properties has a 1 year low of GBX 88.30 and a 1 year high of GBX 109.60. The firm’s 50-day moving average is GBX 93.14 and its 200-day moving average is GBX 93.41.

Primary Health Properties (LON:PHP) last issued its quarterly earnings results on Thursday, October 15th. The real estate investment trust reported GBX (0.14) EPS for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. Equities analysts expect that Primary Health Properties will post 7.09 EPS for the current 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.