Berenberg Bank Increases Primary Health Properties (LON:PHP) Price Target to GBX 110

Primary Health Properties (LON:PHP) had its price target upped by Berenberg Bank from GBX 103 ($1.36) to GBX 110 ($1.45) in a research report report published on Wednesday, MarketBeat reports. They currently have a buy rating on the real estate investment trust’s stock.

Separately, Shore Capital restated a buy rating on shares of Primary Health Properties in a research note on Wednesday, July 24th.

Primary Health Properties Stock Performance

PHP stock opened at GBX 100.90 ($1.33) on Wednesday. Primary Health Properties has a one year low of GBX 84.20 ($1.11) and a one year high of GBX 109 ($1.44). The firm has a market cap of £1.35 billion, a price-to-earnings ratio of -10,090.00, a PEG ratio of 5.64 and a beta of 0.41. The company has a debt-to-equity ratio of 96.98, a quick ratio of 0.62 and a current ratio of 0.48. The firm has a 50-day simple moving average of GBX 96.49 and a two-hundred day simple moving average of GBX 94.12.

Primary Health Properties Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, August 16th. Investors of record on Thursday, July 4th were given a GBX 1.73 ($0.02) dividend. This represents a dividend yield of 1.91%. The ex-dividend date was Thursday, July 4th. Primary Health Properties’s payout ratio is currently -70,000.00%.

Primary Health Properties Company Profile

Primary Health Properties (PHP) is the leading investor in modern healthcare properties in the UK & Ireland. PHP is a UK based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.