Primary Health Properties (LON:PHP) Given New GBX 110 Price Target at Berenberg Bank

Primary Health Properties (LON:PHP) had its price target hoisted by Berenberg Bank from GBX 103 ($1.36) to GBX 110 ($1.45) in a research note released on Wednesday, Marketbeat reports. The firm currently has a buy rating on the real estate investment trust’s stock.

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

Primary Health Properties Stock Up 1.5 %

LON PHP opened at GBX 101.32 ($1.34) on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.48 and a debt-to-equity ratio of 96.98. Primary Health Properties has a 52 week low of GBX 84.20 ($1.11) and a 52 week high of GBX 109 ($1.44). The firm has a market capitalization of £1.36 billion, a price-to-earnings ratio of -9,985.00, a PEG ratio of 5.64 and a beta of 0.41. The company has a fifty day moving average of GBX 96.28 and a two-hundred day moving average of GBX 93.99.

Primary Health Properties Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 16th. Investors of record on Thursday, July 4th were issued a dividend of GBX 1.73 ($0.02) per share. This represents a yield of 1.91%. The ex-dividend date of this dividend 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.