Primary Health Properties Plc (LON:PHP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Primary Health Properties Plc (LON:PHP) have been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 113.40.

Several equities analysts recently issued reports on PHP shares. Shore Capital Group reissued a “house stock” rating on shares of Primary Health Properties in a research note on Wednesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Jefferies Financial Group reissued a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, April 29th. Stifel Nicolaus reissued a “buy” rating and set a GBX 105 price objective on shares of Primary Health Properties in a research note on Wednesday, April 15th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 128 price objective on shares of Primary Health Properties in a research note on Friday, April 24th.

Primary Health Properties Stock Up 0.4%

Shares of LON PHP opened at GBX 91.15 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 £2.37 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 129.48, a current ratio of 6.67 and a quick ratio of 0.62. The firm’s 50-day moving average is GBX 93.20 and its two-hundred day moving average is GBX 98.07.

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