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

Jefferies Financial Group reaffirmed their buy rating on shares of Primary Health Properties (LON:PHP) in a research note published on Wednesday morning,Digital Look reports. The brokerage currently has a GBX 107 target price on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on PHP. Berenberg Bank dropped their price objective on shares of Primary Health Properties from GBX 133 to GBX 131 and set a “buy” rating for the company in a research report on Monday, October 26th. 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 reiterated a “buy” rating and issued a GBX 115 price objective on shares of Primary Health Properties in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 112.60.

Primary Health Properties Trading Up 0.2%

PHP opened at GBX 94.15 on Wednesday. Primary Health Properties has a 1-year low of GBX 88.30 and a 1-year high of GBX 109.60. The stock has a market capitalization of £2.44 billion, a PE ratio of 15.69, a PEG ratio of 5.64 and a beta of 0.79. 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 firm has a 50-day moving average price of GBX 92.49 and a two-hundred day moving average price of GBX 95.76.

Primary Health Properties (LON:PHP) last announced its earnings results on Thursday, October 15th. The real estate investment trust reported GBX (0.14) 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 7.09 earnings per share for the current fiscal year.

Insider Activity

In other Primary Health Properties news, insider Richard Howell bought 53,504 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were bought at an average cost of GBX 93 per share, for a total transaction of £49,758.72. Also, insider Mark Davies bought 140,759 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were acquired at an average price of GBX 93 per share, for a total transaction of £130,905.87. Insiders have acquired a total of 249,681 shares of company stock valued at $23,109,497 over the last three months. Company insiders own 1.05% of the company’s stock.

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.