Primary Health Properties’ (PHP) Buy Rating Reiterated at Jefferies Group

Jefferies Group restated their buy rating on shares of Primary Health Properties (LON:PHP) in a research note issued to investors on Thursday morning. Jefferies Group currently has a GBX 126 ($1.71) price objective on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on PHP. Liberum Capital restated a hold rating and issued a GBX 120 ($1.63) price target on shares of Primary Health Properties in a research note on Monday, January 8th. Peel Hunt reiterated a buy rating and set a GBX 125 ($1.70) target price on shares of Primary Health Properties in a research report on Tuesday, January 2nd.

Primary Health Properties (LON PHP) traded up GBX 113.14 ($1.53) during mid-day trading on Thursday, hitting GBX 114.29 ($1.55). The stock had a trading volume of 457,225 shares, compared to its average volume of 519,458. The stock has a market cap of $706.99 and a P/E ratio of 1,142.92. Primary Health Properties has a 52-week low of GBX 105 ($1.42) and a 52-week high of GBX 123.50 ($1.67).

The firm also recently disclosed a dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 11th will be given a GBX 1.35 ($0.02) dividend. This represents a dividend yield of 1.15%. This is an increase from Primary Health Properties’s previous dividend of $1.32. The ex-dividend date of this dividend is Thursday, January 11th.

In other Primary Health Properties news, insider Harry Abraham Hyman acquired 923 shares of the stock in a transaction dated Friday, November 24th. The shares were acquired at an average cost of GBX 114 ($1.55) per share, for a total transaction of £1,052.22 ($1,426.93). Insiders bought 1,093 shares of company stock worth $124,687 over the last 90 days.

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Primary Health Properties Company Profile

Primary Health Properties PLC (PHP) is a United Kingdom-based real estate investment trust (REIT). The principal activity of the Company is the investment in primary healthcare property in the United Kingdom and the Republic of Ireland. It specializes in the ownership of freehold or long leasehold interests in purpose-built healthcare facilities, which are leased to general practitioners, government healthcare bodies and other associated healthcare users.

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