Peel Hunt reissued their add rating on shares of Primary Health Properties (LON:PHP) in a research report released on Wednesday morning, LSE.Co.UK reports. The brokerage currently has a GBX 160 ($2.10) price objective on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on PHP. Liberum Capital reissued a buy rating on shares of Primary Health Properties in a research note on Wednesday. Barclays initiated coverage on shares of Primary Health Properties in a research note on Tuesday, December 3rd. They set an overweight rating and a GBX 160 ($2.10) price objective on the stock. Jefferies Financial Group downgraded shares of Primary Health Properties to a hold rating and upped their price objective for the company from GBX 147 ($1.93) to GBX 155 ($2.04) in a research note on Friday, January 17th. Peel Hunt reissued an add rating and set a GBX 160 ($2.10) price objective on shares of Primary Health Properties in a research note on Tuesday. Finally, Berenberg Bank initiated coverage on shares of Primary Health Properties in a research note on Friday, November 29th. They set a hold rating and a GBX 150 ($1.97) price objective on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Primary Health Properties currently has a consensus rating of Hold and a consensus price target of GBX 163 ($2.14).

Shares of PHP traded down GBX 2 ($0.03) on Wednesday, hitting GBX 160 ($2.10). 4,635,249 shares of the stock traded hands, compared to its average volume of 821,202. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 106.19. The firm has a market capitalization of $1.95 billion and a P/E ratio of -18.82. The stock’s 50 day moving average is GBX 158.93 and its two-hundred day moving average is GBX 144.17. Primary Health Properties has a 1 year low of GBX 115.20 ($1.52) and a 1 year high of GBX 160.80 ($2.12).

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 9th will be paid a dividend of GBX 1.48 ($0.02) per share. This is an increase from Primary Health Properties’s previous dividend of $1.40. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 0.93%. Primary Health Properties’s dividend payout ratio is presently -0.71%.

About Primary Health Properties

Primary Health Properties PLC (“PHP”) is a UK Real Estate Investment Trust (“REIT”) and the leading investor in modern primary healthcare premises. The objective of the Group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Ireland let on long term leases backed by a secure underlying covenant funded mostly by government bodies.

Further Reading: Asset Allocation, Balancing Your Investments

Analyst Recommendations for Primary Health Properties (LON:PHP)

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