Primary Health Properties (LON:PHP) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Primary Health Properties (LON:PHP) in a report published on Friday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a GBX 115 price target on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on PHP. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 118 price target on shares of Primary Health Properties in a research note on Friday. JPMorgan Chase & Co. raised their price objective on shares of 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 reissued a “buy” rating and set a GBX 105 target price on shares of Primary Health Properties in a report on Wednesday, April 15th. Berenberg Bank reissued a “buy” rating and set a GBX 128 target price on shares of Primary Health Properties in a report on Thursday. Finally, Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 114.20.

Primary Health Properties Stock Performance

PHP stock opened at GBX 94.45 on Friday. The company has a market capitalization of £2.45 billion, a P/E ratio of 14.31, a PEG ratio of 5.64 and a beta of 1.11. The company has a 50-day simple moving average of GBX 93.43 and a 200 day simple moving average of GBX 97.06. Primary Health Properties has a fifty-two week low of GBX 87.40 and a fifty-two week high of GBX 109.60. 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 (LON:PHP) last announced its 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 43.30% and a return on equity of 6.20%. Sell-side analysts predict that Primary Health Properties will post 7.0875912 earnings per share for the current fiscal year.

Key Primary Health Properties News

Here are the key news stories impacting Primary Health Properties this week:

• Positive Sentiment: Analysts maintain bullish outlook: Jefferies reaffirmed its “buy” rating and set a GBX 118 price target, while Deutsche Bank also reiterated “buy” with a GBX 115 target. Both targets imply meaningful upside from recent trading levels. Digital Look broker ratings
• Positive Sentiment: Further broker support: Berenberg reaffirmed its “buy” rating and raised or maintained a GBX 128 price target, the most optimistic target among the latest broker updates. Shore Capital also reaffirmed its “house stock” rating. Digital Look broker ratings
• Positive Sentiment: Earnings benefited from the Assura combination: Primary Health Properties reported quarterly earnings of GBX 3.80 per share, with a 45.95% net margin and 6.03% return on equity. The earnings increase following the Assura combination provides evidence of greater scale and supports the investment case for the enlarged healthcare-property portfolio. Primary Health Properties earnings jump after Assura combination
• Neutral Sentiment: Additional research coverage: Edison issued a new report on Primary Health Properties, potentially giving investors further analysis of the company’s prospects after the Assura transaction. The article details were not provided, so its specific earnings or valuation implications are unclear. Edison report on Primary Health Properties

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.