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.

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