Jefferies Financial Group Reaffirms “Buy” Rating for Primary Health Properties (LON:PHP)

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Marketbeat reports. They currently have a GBX 118 target price on the real estate investment trust’s stock. Jefferies Financial Group’s target price indicates a potential upside of 31.77% from the stock’s previous close.

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

Primary Health Properties Stock Down 2.3%

PHP stock opened at GBX 89.55 on Thursday. Primary Health Properties has a 52-week low of GBX 87.40 and a 52-week high of GBX 109.60. The company’s 50 day simple moving average is GBX 94.31 and its 200-day simple moving average is GBX 93.73. 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 firm has a market capitalization of £2.32 billion, a P/E ratio of 14.92, a P/E/G ratio of 5.64 and a beta of 0.79.

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