Primary Health Properties (LON:PHP) Issues Earnings Results

Primary Health Properties (LON:PHP) released its earnings results on Thursday. The real estate investment trust reported GBX (0.14) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%.

Primary Health Properties Stock Performance

LON PHP opened at GBX 90.70 on Friday. The business’s 50-day moving average price is GBX 93.14 and its 200 day moving average price is GBX 93.41. 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 has a twelve month low of GBX 88.30 and a twelve month high of GBX 109.60. The company has a market capitalization of £2.35 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79.

Wall Street Analyst Weigh In

PHP has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 115 price objective on shares of Primary Health Properties in a research report on Friday, July 31st. Shore Capital Group reissued a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and set a GBX 107 target price on shares of Primary Health Properties in a research report on Thursday. Finally, Berenberg Bank raised their target price on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the stock a “buy” rating in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.