Primary Health Properties (LON:PHP) Receives House Stock Rating from Shore Capital Group

Key Points

• Shore Capital reaffirmed its “house stock” rating on Primary Health Properties, while other analysts largely maintained positive views. Four analysts rate the shares “Buy” and one rates them “Hold,” producing a consensus “Moderate Buy” rating and a GBX 114.20 target price.
• Primary Health Properties shares opened at GBX 96.90, up 0.2%, within a 12-month range of GBX 87.40 to GBX 109.60. The company has a market capitalization of approximately £2.51 billion.
• The healthcare real estate investment trust reported quarterly EPS of GBX 3.80, with a 45.95% net margin and 6.03% return on equity. PHP focuses on UK and Irish healthcare properties leased on long-term contracts, supported largely by government-funded rental income.

Primary Health Properties (LON:PHP - Get Free Report)'s stock had its "house stock" rating reaffirmed by Shore Capital Group in a report issued on Thursday,Digital Look reports.

A number of other research firms also recently commented on PHP. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 118 target price on shares of Primary Health Properties in a report on Thursday, July 2nd. JPMorgan Chase & Co. increased their target price on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a "neutral" rating in a research report on Wednesday, April 8th. Stifel Nicolaus reaffirmed a "buy" rating and set a GBX 105 target price on shares of Primary Health Properties in a research note on Wednesday, April 15th. Berenberg Bank reissued a "buy" rating and set a GBX 128 price objective on shares of Primary Health Properties in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 115 target price on shares of Primary Health Properties in a report on Thursday, June 25th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Primary Health Properties has an average rating of "Moderate Buy" and a consensus price target of GBX 114.20.

Primary Health Properties Stock Up 0.2%

Shares of LON PHP opened at GBX 96.90 on Thursday. Primary Health Properties has a 12-month low of GBX 87.40 and a 12-month high of GBX 109.60. The company has a market capitalization of £2.51 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The firm's 50-day moving average is GBX 93.35 and its two-hundred day moving average is GBX 97.13. The company has a debt-to-equity ratio of 129.48, a current ratio of 6.67 and a quick ratio of 0.62.

Primary Health Properties (LON:PHP - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 EPS for the quarter. Primary Health Properties had a return on equity of 6.03% and a net margin of 45.95%. Equities analysts anticipate that Primary Health Properties will post 7.0875912 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source