Primary Health Properties (LON:PHP – Get Free Report) released its earnings results on Thursday. The real estate investment trust reported GBX (0.14) EPS for the quarter, Digital Look Earnings reports. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%.
Primary Health Properties Trading Up 1.1%
Primary Health Properties stock traded up GBX 0.95 during midday trading on Friday, hitting GBX 91. 12,063,053 shares of the stock were exchanged, compared to its average volume of 38,261,566. The company has a fifty day simple moving average of GBX 93.05 and a two-hundred day simple moving average of GBX 93.39. Primary Health Properties has a 52 week low of GBX 88.30 and a 52 week high of GBX 109.60. The stock has a market capitalization of £2.36 billion, a PE ratio of 15.17, a P/E/G ratio of 5.64 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 131.37.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Berenberg Bank increased their price target 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 115 price objective on shares of Primary Health Properties in a research note on Friday, July 31st. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 107 price objective on shares of Primary Health Properties in a report on Thursday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Primary Health Properties has a consensus rating of “Moderate Buy” and an average target price of GBX 113.
Read Our Latest Stock Analysis on PHP
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.
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