Primary Health Properties (LON:PHP – Get Free Report)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Friday,Digital Look reports. They presently have a GBX 115 target price on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 20.17% from the company’s current price.
Several other equities analysts have also commented on PHP. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and issued a GBX 118 price target on shares of Primary Health Properties in a report on Friday. Berenberg Bank restated a “buy” rating and issued a GBX 128 price target on shares of Primary Health Properties in a report on Thursday. Stifel Nicolaus reaffirmed 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, JPMorgan Chase & Co. increased their price objective on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Primary Health Properties has a consensus rating of “Moderate Buy” and an average price target of GBX 114.20.
Get Our Latest Research Report on Primary Health Properties
Primary Health Properties Stock Down 0.8%
Primary Health Properties (LON:PHP – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share for the quarter. Primary Health Properties had a return on equity of 6.03% and a net margin of 45.95%. As a group, sell-side analysts expect that Primary Health Properties will post 7.0875912 EPS for the current year.
More Primary Health Properties News
Here are the key news stories impacting Primary Health Properties this week:
- Positive Sentiment: Earnings increased following the Assura combination. The company reported a significant rise in earnings after completing its combination with Assura, highlighting the potential benefits of greater scale and an enlarged healthcare-property portfolio. Primary Health Properties earnings jump after Assura combination
- Positive Sentiment: Quarterly results showed solid profitability. PHP reported quarterly EPS of GBX 3.80, a 45.95% net margin and a 6.03% return on equity. The results provide fundamental support for the stock, although investors will assess how much of the earnings improvement came from the Assura transaction and related accounting effects. Primary Health Properties quarterly earnings
- Positive Sentiment: Berenberg reaffirmed its “buy” rating and set a GBX 128 price target. The target implies meaningful upside from recent trading levels and signals continued confidence in PHP’s outlook. Berenberg rating update
- Positive Sentiment: Shore Capital maintained its “house stock” designation, indicating the broker continues to view PHP as a preferred investment within its coverage. Shore Capital rating update
- Neutral Sentiment: Edison published a new report on PHP. The report adds fresh research coverage, but the supplied information does not disclose its recommendation, valuation or earnings forecasts. Edison report on Primary Health Properties
- Neutral Sentiment: Other broker targets were more measured. A separate broker roundup placed the average PHP target price at GBX 114.20, still above recent levels but below Berenberg’s GBX 128 target. Brokerages set Primary Health Properties target price
Primary Health Properties Company Profile
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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