Primary Health Properties Plc (LON:PHP) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Primary Health Properties Plc (LON:PHP) has been given a consensus rating of “Moderate Buy” by the five brokerages that are 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 112.60.

Several analysts recently issued reports on PHP shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 107 target price on shares of Primary Health Properties in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 115 price target on shares of Primary Health Properties in a research report on Friday, July 31st. Berenberg Bank cut their price target on shares of Primary Health Properties from GBX 133 to GBX 131 and set a “buy” rating for the company in a research note on Monday, October 26th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th.

Insider Transactions at Primary Health Properties

In other news, insider Mark Davies bought 140,759 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were bought at an average cost of GBX 93 per share, with a total value of £130,905.87. Also, insider Richard Howell bought 53,504 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was purchased at an average price of GBX 93 per share, with a total value of £49,758.72. Over the last ninety days, insiders bought 249,681 shares of company stock worth $23,109,497. 1.05% of the stock is owned by insiders.

Primary Health Properties Stock Performance

Shares of PHP stock opened at GBX 94.15 on Friday. Primary Health Properties has a 12 month low of GBX 88.30 and a 12 month high of GBX 109.60. The company’s fifty day simple moving average is GBX 92.49 and its 200-day simple moving average is GBX 95.76. The firm has a market cap of £2.44 billion, a PE ratio of 15.69, a P/E/G ratio of 5.64 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 131.37.

Primary Health Properties (LON:PHP) last released its 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 net margin of 43.30% and a return on equity of 6.20%. Equities research analysts expect that Primary Health Properties will post 7.09 EPS for the current fiscal year.

About Primary Health Properties

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.