Primary Health Properties (LON:PHP – Get Free Report) posted its quarterly earnings results on Thursday. The real estate investment trust reported GBX (0.14) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%.
Primary Health Properties Stock Performance
Shares of PHP opened at GBX 90.22 on Thursday. The stock has a 50 day moving average of GBX 93.26 and a 200 day moving average of GBX 93.41. The company has a market capitalization of £2.34 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 5.64 and a beta of 0.79. Primary Health Properties has a 12 month low of GBX 88.30 and a 12 month high of GBX 109.60. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37.
Analyst Ratings Changes
Several analysts have recently weighed in on PHP shares. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 115 target price on shares of Primary Health Properties in a research report on Friday, July 31st. Berenberg Bank increased their target price on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 107 price target on shares of Primary Health Properties in a report on Thursday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 113.
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.
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