Primary Health Properties (LON:PHP) Stock Gets Price Target Cut from Berenberg Bank

Primary Health Properties (LON:PHP) had its price objective lowered by Berenberg Bank from GBX 133 to GBX 131 in a report released on Monday, Digital Look reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank‘s price target would indicate a potential upside of 42.39% from the stock’s previous close.

Other analysts have also issued research reports about the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 107 price objective on shares of Primary Health Properties in a report on Thursday, October 15th. Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 115 price target on shares of Primary Health Properties in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Primary Health Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 112.60.

Primary Health Properties Price Performance

Shares of LON:PHP opened at GBX 92 on Monday. Primary Health Properties has a 12 month low of GBX 88.30 and a 12 month high of GBX 109.60. The stock has a market cap of £2.39 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 5.64 and a beta of 0.79. The stock’s 50 day moving average price is GBX 92.63 and its 200 day moving average price is GBX 93.38. The company has a debt-to-equity ratio of 131.37, a current ratio of 0.88 and a quick ratio of 0.62.

Primary Health Properties (LON:PHP) last issued its quarterly earnings results on Thursday, October 15th. The real estate investment trust reported GBX (0.14) earnings per share (EPS) for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. Equities research analysts anticipate that Primary Health Properties will post 7.09 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Richard Howell bought 54,659 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were bought at an average cost of GBX 91 per share, with a total value of £49,739.69. 1.05% of the stock is owned by company insiders.

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.