Primary Health Properties (LON:PHP – Get Free Report) issued its quarterly earnings data on Thursday. The real estate investment trust reported GBX (0.14) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%.
Primary Health Properties Stock Performance
Shares of Primary Health Properties stock opened at GBX 90.22 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37. The business has a 50-day moving average price of GBX 93.26 and a two-hundred day moving average price of GBX 93.41. Primary Health Properties has a 1-year low of GBX 88.30 and a 1-year high of GBX 109.60. The company has a market cap of £2.34 billion, a P/E ratio of 15.04, a PEG ratio of 5.64 and a beta of 0.79.
Wall Street Analyst Weigh In
Several brokerages recently commented on PHP. Berenberg Bank upped their target price on Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 115 price target on shares of Primary Health Properties in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and issued a GBX 107 price target on shares of Primary Health Properties in a research report on Thursday. Finally, Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 113.
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.
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