Jefferies Financial Group Reaffirms “Buy” Rating for Primary Health Properties (LON:PHP)

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a note issued to investors on Thursday, October 1st, Marketbeat Ratings reports. They currently have a GBX 118 price target on the real estate investment trust’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 32.21% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 115 price objective on shares of Primary Health Properties in a research report on Friday, July 31st. Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a research report on Thursday, July 30th. Finally, Berenberg Bank increased their price target 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 115.20.

Primary Health Properties Price Performance

PHP stock remained flat at GBX 89.25 during trading on Thursday. The company’s stock had a trading volume of 9,762,862 shares, compared to its average volume of 39,134,559. The firm’s 50-day simple moving average is GBX 93.80 and its 200 day simple moving average is GBX 93.46. Primary Health Properties has a 1 year low of GBX 87.40 and a 1 year 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. The firm has a market cap of £2.32 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 5.64 and a beta of 0.79.

Primary Health Properties (LON:PHP) last posted 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%. On average, equities research analysts predict that Primary Health Properties will post 7.0875912 earnings per share for the current 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.