Primary Health Properties (LON:PHP) Given New GBX 133 Price Target at Berenberg Bank

Primary Health Properties (LON:PHP) had its target price increased by Berenberg Bank from GBX 128 to GBX 133 in a research note published on Friday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 115 price target on shares of Primary Health Properties in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and set a GBX 118 price target on shares of Primary Health Properties in a research note on Friday, July 31st. Finally, Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 115.20.

Primary Health Properties Stock Performance

LON:PHP opened at GBX 95.65 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37. The company has a market capitalization of £2.48 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The firm has a 50-day moving average price of GBX 94.02 and a two-hundred day moving average price of GBX 96.49. Primary Health Properties has a twelve month low of GBX 87.40 and a twelve month high of GBX 109.60.

Primary Health Properties (LON:PHP) last posted 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 return on equity of 6.20% and a net margin of 43.30%. As a group, research analysts expect that Primary Health Properties will post 7.0875912 earnings per share for the current fiscal 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.