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

Primary Health Properties (LON:PHP) had its price objective upped by Berenberg Bank from GBX 103 ($1.36) to GBX 110 ($1.45) in a report published on Wednesday morning, Marketbeat.com reports. They currently have 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 Price Performance

Shares of Primary Health Properties stock opened at GBX 100.90 ($1.33) on Wednesday. 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 stock has a market capitalization of £1.35 billion, a price-to-earnings ratio of -10,090.00, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The company has a fifty day moving average of GBX 96.49 and a 200-day moving average of GBX 94.15. The company has a debt-to-equity ratio of 96.98, a quick ratio of 0.62 and a current ratio of 0.48.

Primary Health Properties Dividend Announcement

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

About Primary Health Properties

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.