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

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 118 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 30.60% from the company’s previous close.

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

Primary Health Properties Stock Up 0.9%

Shares of LON PHP opened at GBX 90.35 on Thursday. 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 1 year low of GBX 87.40 and a 1 year high of GBX 109.60. The stock’s 50-day simple moving average is GBX 94.22 and its 200-day simple moving average is GBX 93.71. The firm 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 (LON:PHP) last released its 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%. As a group, 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.