Primary Health Properties (LON:PHP) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Primary Health Properties (LON:PHP) in a report published on Tuesday morning, ThisIsMoney.Co.Uk reports.

Separately, Liberum Capital downgraded Primary Health Properties to a hold rating and increased their price target for the stock from GBX 125 ($1.63) to GBX 130 ($1.70) in a report on Monday, March 25th.

Shares of Primary Health Properties stock opened at GBX 138.80 ($1.81) on Tuesday. The company has a debt-to-equity ratio of 88.06, a current ratio of 0.08 and a quick ratio of 0.07. Primary Health Properties has a 1-year low of GBX 1.08 ($0.01) and a 1-year high of GBX 137.80 ($1.80). The stock has a market cap of $1.58 billion and a price-to-earnings ratio of 14.16.

The firm also recently declared a dividend, which was paid on Friday, May 24th. Shareholders of record on Thursday, April 4th were issued a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 1.08%. Primary Health Properties’s payout ratio is currently 0.61%.

Primary Health Properties Company Profile

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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