Primary Health Properties (LON:PHP) Insider Purchases £130,905.87 in Stock

Primary Health Properties Plc (LON:PHP) insider Mark Davies acquired 140,759 shares of the company’s stock in a transaction on Tuesday, October 27th. The stock was acquired at an average price of GBX 93 per share, for a total transaction of £130,905.87.

Primary Health Properties Stock Up 0.2%

PHP opened at GBX 94.15 on Friday. Primary Health Properties Plc has a 52 week low of GBX 88.30 and a 52 week high of GBX 109.60. The business has a 50 day moving average price of GBX 92.49 and a two-hundred day moving average price of GBX 95.76. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 131.37. The company has a market cap of £2.44 billion, a PE ratio of 15.69, a P/E/G ratio of 5.64 and a beta of 0.79.

Primary Health Properties (LON:PHP) last announced its earnings results on Thursday, October 15th. The real estate investment trust reported GBX (0.14) earnings per share for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. As a group, research analysts anticipate that Primary Health Properties Plc will post 7.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 115 price target on shares of Primary Health Properties in a research note on Friday, July 31st. Berenberg Bank decreased their price target on Primary Health Properties from GBX 133 to GBX 131 and set a “buy” rating on the stock in a research note on Monday, October 26th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 107 price target on shares of Primary Health Properties in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Primary Health Properties currently has an average rating of “Moderate Buy” and an average target price of GBX 112.60.

Primary Health Properties Company Profile

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth.

To achieve this, PHP invests in healthcare real estate let on long-term leases, backed by secure underlying covenants where the majority of rental income is funded directly or indirectly by a government body.