Proactive Research analyst Ed Stacey says shares in () 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
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