Primary Health Properties’ (PHP) Buy Rating Reiterated at Jefferies Financial Group

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research note issued to investors on Thursday, London Stock Exchange reports. They presently have a GBX 118 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s price target points to a potential upside of 29.01% from the company’s previous close.

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

Primary Health Properties Stock Performance

Primary Health Properties stock opened at GBX 91.47 on Thursday. Primary Health Properties has a 12-month low of GBX 87.40 and a 12-month 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 company has a market capitalization of £2.37 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The firm’s fifty day moving average price is GBX 94.40 and its 200 day moving average price is GBX 93.81.

Primary Health Properties (LON:PHP) last posted its quarterly earnings data 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, research analysts forecast 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.