Primary Health Properties’ (PHP) “House Stock” Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their house stock rating on shares of Primary Health Properties (LON:PHP) in a research report released on Thursday morning,Digital Look reports.

Several other analysts also recently commented on PHP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 115 price objective on shares of Primary Health Properties in a research report on Thursday, June 25th. Jefferies Financial Group restated a “buy” rating and issued a GBX 118 price target on shares of Primary Health Properties in a report on Thursday, July 2nd. JPMorgan Chase & Co. lifted their price target on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 128 price objective on shares of Primary Health Properties in a report on Thursday. Finally, Stifel Nicolaus reissued a “buy” rating and set a GBX 105 price objective on shares of Primary Health Properties in a research report on Wednesday, April 15th. Four investment 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 presently has an average rating of “Moderate Buy” and an average price target of GBX 114.20.

Primary Health Properties Stock Down 2.1%

Shares of Primary Health Properties stock opened at GBX 94.45 on Thursday. Primary Health Properties has a one year low of GBX 87.40 and a one year high of GBX 109.60. 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 stock’s 50-day moving average is GBX 93.43 and its 200 day moving average is GBX 97.06. The firm has a market cap of £2.45 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 5.64 and a beta of 1.11.

Primary Health Properties (LON:PHP) last issued 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 return on equity of 6.20% and a net margin of 43.30%. Equities research analysts anticipate that Primary Health Properties will post 7.0875912 EPS for the current year.

More Primary Health Properties News

Here are the key news stories impacting Primary Health Properties this week:

• Positive Sentiment: Analysts maintain bullish outlook: Jefferies reaffirmed its “buy” rating and set a GBX 118 price target, while Deutsche Bank also reiterated “buy” with a GBX 115 target. Both targets imply meaningful upside from recent trading levels. Digital Look broker ratings
• Positive Sentiment: Further broker support: Berenberg reaffirmed its “buy” rating and raised or maintained a GBX 128 price target, the most optimistic target among the latest broker updates. Shore Capital also reaffirmed its “house stock” rating. Digital Look broker ratings
• Positive Sentiment: Earnings benefited from the Assura combination: Primary Health Properties reported quarterly earnings of GBX 3.80 per share, with a 45.95% net margin and 6.03% return on equity. The earnings increase following the Assura combination provides evidence of greater scale and supports the investment case for the enlarged healthcare-property portfolio. Primary Health Properties earnings jump after Assura combination
• Neutral Sentiment: Additional research coverage: Edison issued a new report on Primary Health Properties, potentially giving investors further analysis of the company’s prospects after the Assura transaction. The article details were not provided, so its specific earnings or valuation implications are unclear. Edison report on Primary Health Properties

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.