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

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a report issued on Thursday, London Stock Exchange reports. They presently 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 29.13% from the stock’s previous close.

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

Primary Health Properties Stock Performance

LON:PHP opened at GBX 91.38 on Thursday. The stock has a fifty day moving average price of GBX 94.40 and a 200-day moving average price of GBX 93.81. The company has a market cap of £2.37 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 5.64 and a beta of 0.79. 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 fifty-two week low of GBX 87.40 and a fifty-two week high of GBX 109.60.

Primary Health Properties (LON:PHP) last released its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share (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 EPS 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.