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Primary Health Properties: Current valuation 'still offers compelling returns'

Proactive Research analyst Ed Stacey says shares in Primary Health Properties PLC (LON:PHP) have outperformed the UK market year-to-date having already strongly outperformed during FY 2019.

He argues that the current valuation still offers compelling returns for investors, driven by the continued performance of the underlying asset portfolio.

PHP has recently announced the acquisition of a portfolio of 20 medical centres across England and Wales and a conditional contract to acquire two further medical centres.

Stacey says these are primary healthcare facilities, with 91% of rental income being government backed, in line with the existing property portfolio.

Click here to here Ed's latest research update: Primary Health Properties - Keeps delivering for investors

Quick facts: Primary Health Properties PLC

Price: 152 GBX

Market: LSE
Market Cap: £1.85 billion

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Primary Health Properties: Proactive analyst expecting another year of...

Proactive Research analyst Ed Stacey gives his view on Primary Health Properties PLC's (LON:PHP) 2019 performance. It was a transformational period for the company in which it completed on the merger with healthcare real estate firm MedicX. ''We think [2020] will be another year of strong...

on 20/2/20

2 min read