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

Jefferies Financial Group restated their buy rating on shares of Primary Health Properties (LON:PHP) in a research note published on Thursday, Marketbeat reports. The firm currently has a GBX 118 price target on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on PHP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 115 price target on shares of Primary Health Properties in a research note on Friday, July 31st. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Finally, Berenberg Bank increased their target price on Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Primary Health Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 115.20.

Primary Health Properties Stock Performance

PHP opened at GBX 90.35 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 131.37. The company has a market cap of £2.34 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 5.64 and a beta of 0.79. Primary Health Properties has a 52-week low of GBX 87.40 and a 52-week high of GBX 109.60. The firm’s fifty day simple moving average is GBX 94.22 and its two-hundred day simple moving average is GBX 93.71.

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%. Equities analysts anticipate that Primary Health Properties will post 7.0875912 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.