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 Jefferies Financial Group in a research 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 objective indicates a potential upside of 30.60% from the company’s current price.

PHP has been the topic of several other reports. 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. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 115.20.

Primary Health Properties Stock Performance

Primary Health Properties stock traded up GBX 0.80 on Thursday, hitting GBX 90.35. The company’s stock had a trading volume of 18,852,896 shares, compared to its average volume of 39,673,730. 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 cap of £2.34 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. 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 company has a fifty day moving average price of GBX 94.22 and a 200-day moving average price of GBX 93.71.

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 for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. On average, equities analysts anticipate 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.