Primary Health Properties (LON:PHP) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a report issued on Thursday, Marketbeat reports. They currently have a GBX 118 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 31.32% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Berenberg Bank increased their price target on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a report on Friday, August 14th. Shore Capital Group reissued a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 115 target price on shares of Primary Health Properties in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 115.20.

Primary Health Properties Stock Up 0.3%

Primary Health Properties stock opened at GBX 89.86 on Thursday. The company has a market capitalization of £2.33 billion, a P/E ratio of 14.98, a PEG ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88. Primary Health Properties has a fifty-two week low of GBX 87.40 and a fifty-two week high of GBX 109.60. The stock has a 50-day simple moving average of GBX 94.31 and a 200-day simple moving average of GBX 93.73.

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

About Primary Health Properties

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.