Primary Health Properties (LON:PHP) Earns Buy Rating from Jefferies Financial Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 118 target price on the real estate investment trust’s stock. Jefferies Financial Group’s price target points to a potential upside of 30.31% from the company’s current price.

Several other brokerages also recently commented on PHP. Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 115 price objective on shares of Primary Health Properties in a research report on Friday, July 31st. Finally, Berenberg Bank boosted their price objective on Primary Health Properties from GBX 128 to GBX 133 and gave the stock a “buy” rating in a report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Primary Health Properties presently has a consensus rating of “Moderate Buy” and an average price target of GBX 115.20.

Primary Health Properties Stock Performance

PHP stock traded up GBX 1 during midday trading on Thursday, reaching GBX 90.55. 130,884,977 shares of the company were exchanged, compared to its average volume of 40,260,285. The company has a debt-to-equity ratio of 131.37, a current ratio of 0.88 and a quick ratio of 0.62. The business has a 50-day moving average price of GBX 94.31 and a two-hundred day moving average price of GBX 93.73. Primary Health Properties has a one year low of GBX 87.40 and a one year high of GBX 109.60. The firm has a market capitalization of £2.35 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79.

Primary Health Properties (LON:PHP) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 3.80 EPS for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. Equities research analysts forecast that Primary Health Properties will post 7.0875912 EPS 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.