Peel Hunt restated their add rating on shares of Primary Health Properties (LON:PHP) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports.
Several other research firms also recently weighed in on PHP. Berenberg Bank downgraded Primary Health Properties to a hold rating and boosted their target price for the company from GBX 150 ($1.85) to GBX 155 ($1.91) in a report on Tuesday, July 14th. Liberum Capital reissued a buy rating on shares of Primary Health Properties in a report on Wednesday. Barclays reissued an overweight rating and issued a GBX 170 ($2.09) target price (up from GBX 168 ($2.07)) on shares of Primary Health Properties in a report on Wednesday, April 15th. Finally, Jefferies Financial Group raised Primary Health Properties to a buy rating and boosted their target price for the company from GBX 165 ($2.03) to GBX 179 ($2.20) in a report on Thursday, April 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 170.67 ($2.10).
Shares of LON PHP opened at GBX 153.80 ($1.89) on Wednesday. The company has a market capitalization of $2.02 billion and a price-to-earnings ratio of -23.66. The company has a debt-to-equity ratio of 104.35, a current ratio of 2.42 and a quick ratio of 2.33. The business has a 50-day moving average of GBX 153.32 and a two-hundred day moving average of GBX 154.33. Primary Health Properties has a 1 year low of GBX 1.52 ($0.02) and a 1 year high of GBX 167.60 ($2.06).
The firm also recently announced a dividend, which will be paid on Friday, August 21st. Shareholders of record on Thursday, July 2nd will be given a dividend of GBX 1.48 ($0.02) per share. This represents a yield of 0.97%. The ex-dividend date is Thursday, July 2nd. Primary Health Properties’s payout ratio is -92.31%.
In other news, insider Harry Abraham Hyman purchased 363 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of GBX 155 ($1.91) per share, for a total transaction of £562.65 ($692.41). Also, insider Steven Owen purchased 7,992 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of GBX 160 ($1.97) per share, for a total transaction of £12,787.20 ($15,736.16). Insiders have acquired a total of 8,480 shares of company stock worth $1,354,234 in the last quarter.
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.
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