Stifel Nicolaus Reiterates “Buy” Rating for Primary Health Properties (LON:PHP)

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 105 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price target suggests a potential upside of 8.70% from the stock’s current price.

PHP has been the topic of a number of other reports. 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. Berenberg Bank upped their target price on shares of Primary Health Properties from GBX 122 to GBX 128 and gave the stock a “buy” rating in a research note on Monday, January 26th. 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 113.40.

Primary Health Properties Trading Up 1.6%

LON PHP opened at GBX 96.60 on Wednesday. The firm’s 50-day moving average is GBX 99.75 and its two-hundred day moving average is GBX 97.95. Primary Health Properties has a 12 month low of GBX 87.40 and a 12 month high of GBX 109.60. The company has a debt-to-equity ratio of 129.48, a current ratio of 6.67 and a quick ratio of 0.62. The stock has a market capitalization of £2.51 billion, a P/E ratio of 14.64, a PEG ratio of 5.64 and a beta of 0.80.

Primary Health Properties (LON:PHP) last posted its earnings results on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 EPS for the quarter. Primary Health Properties had a net margin of 45.95% and a return on equity of 6.03%. On average, sell-side analysts anticipate that Primary Health Properties will post 7.0875912 earnings per share 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.