Shares of Primary Health Properties Plc (LON:PHP – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 112.60.
Several analysts have issued reports on PHP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Berenberg Bank lowered their price target on Primary Health Properties from GBX 133 to GBX 131 and set a “buy” rating for the company in a report on Monday, October 26th. Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 107 price target on shares of Primary Health Properties in a research report on Wednesday, October 28th.
Get Our Latest Stock Report on Primary Health Properties
Insider Buying and Selling at Primary Health Properties
In other Primary Health Properties news, insider Mark Davies purchased 140,759 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The shares were purchased at an average cost of GBX 93 per share, for a total transaction of £130,905.87. Also, insider Richard Howell purchased 54,659 shares of Primary Health Properties stock in a transaction dated Friday, October 23rd. The shares were bought at an average price of GBX 91 per share, with a total value of £49,739.69. Insiders acquired 249,681 shares of company stock valued at $23,109,497 in the last 90 days. 1.25% of the stock is currently owned by insiders.
Primary Health Properties Stock Performance
Shares of LON PHP opened at GBX 97.65 on Friday. The company’s fifty day moving average price is GBX 92.48 and its 200 day moving average price is GBX 95.59. 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 capitalization of £2.53 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88.
Primary Health Properties (LON:PHP – Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The real estate investment trust reported GBX (0.14) earnings per share for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. On average, research analysts predict that Primary Health Properties will post 7.09 earnings per share 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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