Shares of Primary Health Properties Plc (LON:PHP – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 93.38 and traded as low as GBX 90.70. Primary Health Properties shares last traded at GBX 91.15, with a volume of 11,439,597 shares.
Wall Street Analyst Weigh In
PHP has been the topic of several recent research reports. Berenberg Bank lifted their price objective on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a research report on Friday, August 14th. Jefferies Financial Group restated a “buy” rating and issued a GBX 107 target price on shares of Primary Health Properties in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 115 price target on shares of Primary Health Properties in a research note on Friday, July 31st. Finally, Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 113.
Get Our Latest Stock Report on Primary Health Properties
Primary Health Properties Stock Up 1.0%
The company has a market cap of £2.39 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The stock has a 50-day simple moving average of GBX 92.63 and a 200-day simple moving average of GBX 93.38. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37.
Primary Health Properties (LON:PHP – Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The real estate investment trust reported GBX (0.14) EPS for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. As a group, analysts predict that Primary Health Properties Plc will post 7.09 EPS for the current year.
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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