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

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 107 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s price target suggests a potential upside of 18.30% from the company’s previous close.

Several other research firms also recently commented on PHP. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 115 price objective on shares of Primary Health Properties in a report on Friday, July 31st. Berenberg Bank lifted their target price on Primary Health Properties from GBX 128 to GBX 133 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 113.

Primary Health Properties Trading Down 0.9%

Primary Health Properties stock opened at GBX 90.45 on Thursday. The stock has a market cap of £2.35 billion, a P/E ratio of 15.08, a PEG ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 131.37, a current ratio of 0.88 and a quick ratio of 0.62. 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 price is GBX 93.26 and its 200-day moving average price is GBX 93.41.

Primary Health Properties (LON:PHP) last released 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%. On average, equities analysts predict that Primary Health Properties will post 7.09 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.