Primary Health Properties PLC (LON:PHP) has earned an average recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 169.67 ($2.23).
PHP has been the topic of several analyst reports. Berenberg Bank reaffirmed a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, May 6th. Liberum Capital reaffirmed a “buy” rating on shares of Primary Health Properties in a research note on Monday, May 11th. Barclays reaffirmed an “overweight” rating and set a GBX 170 ($2.24) price target (up from GBX 168 ($2.21)) on shares of Primary Health Properties in a research note on Wednesday, April 15th. Peel Hunt reaffirmed an “add” rating on shares of Primary Health Properties in a research note on Thursday. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 160 ($2.10) price target on shares of Primary Health Properties in a research note on Wednesday, February 12th.
In related news, insider Harry Abraham Hyman bought 363 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of GBX 155 ($2.04) per share, with a total value of £562.65 ($740.13).
The business also recently announced a dividend, which was paid on Friday, May 22nd. Investors of record on Thursday, April 2nd were given a GBX 1.48 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a dividend yield of 1%. Primary Health Properties’s dividend payout ratio is presently -92.31%.
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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