Berenberg Bank Reaffirms “Buy” Rating for Primary Health Properties (LON:PHP)

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reiterated by Berenberg Bank in a report issued on Friday,Digital Look reports. They currently have a GBX 128 price target on the real estate investment trust’s stock. Berenberg Bank’s price objective points to a potential upside of 36.53% from the company’s current price.

Several other equities research analysts also recently commented on PHP. JPMorgan Chase & Co. increased their price objective on Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft increased their price objective on Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a GBX 105 price objective on shares of Primary Health Properties in a report on Wednesday, April 15th. Five 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 has a consensus rating of “Moderate Buy” and a consensus price target of GBX 113.40.

Primary Health Properties Trading Down 0.8%

LON PHP opened at GBX 93.75 on Friday. The company has a market cap of £2.43 billion, a PE ratio of 14.20, a PEG ratio of 5.64 and a beta of 0.80. The company has a current ratio of 6.67, a quick ratio of 0.62 and a debt-to-equity ratio of 129.48. Primary Health Properties has a 12 month low of GBX 87.40 and a 12 month high of GBX 109.60. The stock has a 50 day moving average of GBX 98.56 and a 200-day moving average of GBX 98.17.

Primary Health Properties (LON:PHP) last released its quarterly earnings data on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 EPS for the quarter. Primary Health Properties had a return on equity of 6.03% and a net margin of 45.95%. On average, equities research analysts anticipate that Primary Health Properties will post 7.0875912 EPS for the current fiscal 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.