Primary Health Properties (LON:PHP) Given “Buy” Rating at Berenberg Bank

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a note issued to investors on Friday,Digital Look reports. They presently have a GBX 128 price objective on the real estate investment trust’s stock. Berenberg Bank’s price objective would suggest a potential upside of 36.17% from the stock’s current price.

PHP has been the topic of a number of other research reports. Stifel Nicolaus restated a “buy” rating and issued a GBX 105 price objective on shares of Primary Health Properties in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Primary Health Properties from GBX 114 to GBX 115 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Primary Health Properties presently has a consensus rating of “Moderate Buy” and an average price target of GBX 113.40.

Primary Health Properties Stock Down 0.6%

PHP traded down GBX 0.55 during midday trading on Friday, reaching GBX 94. The company’s stock had a trading volume of 7,676,194 shares, compared to its average volume of 38,356,730. The firm has a market capitalization of £2.44 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 5.64 and a beta of 0.80. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48. Primary Health Properties has a 1 year low of GBX 87.40 and a 1 year high of GBX 109.60. The stock’s 50-day moving average is GBX 98.84 and its 200-day moving average is GBX 98.10.

Primary Health Properties (LON:PHP) last announced its quarterly earnings data on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 earnings per share for the quarter. Primary Health Properties had a net margin of 45.95% and a return on equity of 6.03%. As a group, research analysts expect 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.