Primary Health Properties (LON:PHP – Get Free Report) posted its quarterly earnings results on Thursday. The real estate investment trust reported GBX (0.14) earnings per share 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 Trading Down 1.0%
Shares of PHP opened at GBX 90.40 on Thursday. 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 current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 131.37. The stock has a 50 day simple moving average of GBX 93.26 and a 200-day simple moving average of GBX 93.41. The stock has a market cap of £2.35 billion, a PE ratio of 15.07, a PEG ratio of 5.64 and a beta of 0.79.
Wall Street Analyst Weigh In
PHP has been the topic of several analyst reports. Berenberg Bank boosted their price target on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a report on Friday, August 14th. Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 107 target price on shares of Primary Health Properties in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 115 target price on shares of Primary Health Properties in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 113.
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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