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

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 107 target price on the real estate investment trust’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 17.58% from the company’s current price.

A number of other equities research analysts also recently weighed in on PHP. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research report on Thursday, July 30th. 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 Friday, July 31st. Finally, Berenberg Bank increased their price target on 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 113.

Primary Health Properties Price Performance

LON:PHP opened at GBX 91 on Thursday. Primary Health Properties has a 52 week low of GBX 88.30 and a 52 week high of GBX 109.60. The firm has a market cap of £2.36 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 5.64 and a beta of 0.79. The firm’s 50-day simple moving average is GBX 93.05 and its 200 day simple moving average is GBX 93.39. 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 (LON:PHP) last issued its quarterly earnings data on Thursday, October 15th. The real estate investment trust reported GBX (0.14) earnings per share for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. As a group, sell-side analysts predict that Primary Health Properties will post 7.09 earnings per share for the current year.

About Primary Health Properties

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.