Primary Health Properties Plc (LON:PHP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Primary Health Properties Plc (LON:PHP) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 114.20.

A number of equities analysts have commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 105 price objective on shares of Primary Health Properties in a report on Wednesday, April 15th. Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 128 target price on shares of Primary Health Properties in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 115 price target on shares of Primary Health Properties in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. increased their price target on Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a report on Wednesday, April 8th.

Key Stories Impacting Primary Health Properties

Here are the key news stories impacting Primary Health Properties this week:

• Positive Sentiment: Earnings increased following the Assura combination. The company reported a significant rise in earnings after completing its combination with Assura, highlighting the potential benefits of greater scale and an enlarged healthcare-property portfolio. Primary Health Properties earnings jump after Assura combination
• Positive Sentiment: Quarterly results showed solid profitability. PHP reported quarterly EPS of GBX 3.80, a 45.95% net margin and a 6.03% return on equity. The results provide fundamental support for the stock, although investors will assess how much of the earnings improvement came from the Assura transaction and related accounting effects. Primary Health Properties quarterly earnings
• Positive Sentiment: Berenberg reaffirmed its “buy” rating and set a GBX 128 price target. The target implies meaningful upside from recent trading levels and signals continued confidence in PHP’s outlook. Berenberg rating update
• Positive Sentiment: Shore Capital maintained its “house stock” designation, indicating the broker continues to view PHP as a preferred investment within its coverage. Shore Capital rating update
• Neutral Sentiment: Edison published a new report on PHP. The report adds fresh research coverage, but the supplied information does not disclose its recommendation, valuation or earnings forecasts. Edison report on Primary Health Properties
• Neutral Sentiment: Other broker targets were more measured. A separate broker roundup placed the average PHP target price at GBX 114.20, still above recent levels but below Berenberg’s GBX 128 target. Brokerages set Primary Health Properties target price

Primary Health Properties Trading Down 0.3%

PHP opened at GBX 96.15 on Friday. The firm has a market capitalization of £2.50 billion, a P/E ratio of 14.57, a P/E/G ratio of 5.64 and a beta of 0.79. The firm’s 50 day moving average is GBX 93.41 and its 200-day moving average is GBX 97.08. Primary Health Properties has a 52-week low of GBX 87.40 and a 52-week high of GBX 109.60. The company has a quick ratio of 0.62, a current ratio of 6.67 and a debt-to-equity ratio of 129.48.

Primary Health Properties (LON:PHP) last announced its earnings results 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 45.95% and a return on equity of 6.03%. Analysts expect 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.