Primary Health Properties’ (PHP) Buy Rating Reaffirmed at Berenberg Bank

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 128 target price on the real estate investment trust’s stock. Berenberg Bank’s target price suggests a potential upside of 31.15% from the company’s current price.

Several other research analysts have also issued reports on PHP. Jefferies Financial Group reissued a “buy” rating and set a GBX 118 target price on shares of Primary Health Properties in a research note on Thursday, July 2nd. JPMorgan Chase & Co. lifted their price target on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 105 price objective on shares of Primary Health Properties in a report on Wednesday, April 15th. Shore Capital Group reissued a “house stock” rating on shares of Primary Health Properties in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 115 target price on shares of Primary Health Properties in a research note on Thursday, June 25th. 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 114.20.

Primary Health Properties Trading Up 0.9%

Shares of PHP stock opened at GBX 97.60 on Thursday. Primary Health Properties has a fifty-two week low of GBX 87.40 and a fifty-two week high of GBX 109.60. The company has a debt-to-equity ratio of 129.48, a quick ratio of 0.62 and a current ratio of 6.67. The stock has a 50 day simple moving average of GBX 93.35 and a two-hundred day simple moving average of GBX 97.13. The company has a market cap of £2.53 billion, a P/E ratio of 14.79, a PEG ratio of 5.64 and a beta of 0.79.

Primary Health Properties (LON:PHP) last posted its quarterly 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 6.03% and a net margin of 45.95%. Research analysts forecast that Primary Health Properties will post 7.0875912 earnings per share 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.