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

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, October 15th, Digital Look reports. They currently have a GBX 107 price objective on the real estate investment trust’s stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 17.39% from the stock’s previous close.

A number of other research firms have also recently weighed in on PHP. Berenberg Bank increased their price objective on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the stock a “buy” rating in a report on Friday, August 14th. Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 115 target price on shares of Primary Health Properties in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 113.

Primary Health Properties Stock Down 0.2%

Shares of LON PHP traded down GBX 0.15 during trading on Thursday, reaching GBX 91.15. 11,439,597 shares of the stock were exchanged, compared to its average volume of 37,710,465. The company has a market capitalization of £2.37 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The business’s 50-day moving average price is GBX 92.78 and its 200 day moving average price is GBX 93.39. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 131.37. Primary Health Properties has a twelve month low of GBX 88.30 and a twelve month high of GBX 109.60.

Primary Health Properties (LON:PHP) last issued its 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%. As a group, equities analysts forecast that Primary Health Properties will post 7.09 EPS for the current fiscal year.

About Primary Health Properties

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.