Primary Health Properties (LON:PHP) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Primary Health Properties (LON:PHP) in a report released on Wednesday,Digital Look reports. The firm currently has a GBX 105 price objective on the real estate investment trust’s stock.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. upped their price target 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. Finally, Berenberg Bank upped their price target on shares of Primary Health Properties from GBX 122 to GBX 128 and gave the company a “buy” rating in a research report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 113.40.

Primary Health Properties Stock Performance

Shares of PHP opened at GBX 95.97 on Wednesday. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48. The stock has a market capitalization of £2.49 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 5.64 and a beta of 0.80. The firm’s fifty day simple moving average is GBX 99.91 and its two-hundred day simple moving average is GBX 97.96. Primary Health Properties has a 12 month low of GBX 87.40 and a 12 month high of GBX 109.60.

Primary Health Properties (LON:PHP) last issued its quarterly earnings results on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 EPS for the quarter. Primary Health Properties had a net margin of 45.95% and a return on equity of 6.03%. As a group, analysts predict that Primary Health Properties will post 7.0875912 EPS for the current year.

About Primary Health Properties

PHP invests in flexible, modern properties for local primary healthcare.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.

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.