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

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Peel Hunt restated their add rating on shares of Primary Health Properties (LON:PHP) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other analysts also recently commented on the company. Berenberg Bank initiated coverage on Primary Health Properties in a research note on Friday, November 29th. They issued a hold rating and a GBX 150 ($1.96) target price for the company. Liberum Capital reaffirmed a hold rating on shares of Primary Health Properties in a research note on Monday, November 25th.

PHP opened at GBX 151 ($1.97) on Tuesday. The company has a fifty day moving average price of GBX 142.48 and a two-hundred day moving average price of GBX 136.73. Primary Health Properties has a 1-year low of GBX 107.60 ($1.41) and a 1-year high of GBX 147.60 ($1.93). The company has a market cap of $1.83 billion and a P/E ratio of -17.76. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 106.19.

The company also recently announced a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 10th were given a dividend of GBX 1.40 ($0.02) per share. This represents a dividend yield of 1.06%. The ex-dividend date was Thursday, October 10th. Primary Health Properties’s payout ratio is -0.71%.

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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