Primary Health Properties (LON:PHP) Insider Acquires 53,504 Shares of Stock

Primary Health Properties Plc (LON:PHP) insider Richard Howell bought 53,504 shares of the stock in a transaction on Wednesday, October 28th. The shares were bought at an average price of GBX 93 per share, for a total transaction of £49,758.72.

Richard Howell also recently made the following trade(s):

• On Friday, October 23rd, Richard Howell purchased 54,659 shares of Primary Health Properties stock. The shares were bought at an average cost of GBX 91 per share, for a total transaction of £49,739.69.
• On Friday, October 23rd, Richard Howell purchased 759 shares of Primary Health Properties stock. The stock was bought at an average price of GBX 91 per share, with a total value of £690.69.

Primary Health Properties Stock Performance

Shares of PHP stock opened at GBX 93.40 on Wednesday. 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 50 day moving average price of GBX 92.57 and a 200-day moving average price of GBX 95.90. Primary Health Properties Plc has a 52 week low of GBX 88.30 and a 52 week high of GBX 109.60. The firm has a market capitalization of £2.42 billion, a PE ratio of 15.57, a P/E/G ratio of 5.64 and a beta of 0.79.

Primary Health Properties (LON:PHP) last issued its quarterly earnings data 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, equities research analysts expect that Primary Health Properties Plc will post 7.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PHP. Berenberg Bank decreased their target price on shares of Primary Health Properties from GBX 133 to GBX 131 and set a “buy” rating for the company in a research note on Monday. Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research note on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 107 price objective on shares of Primary Health Properties in a report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 115 price objective on shares of Primary Health Properties in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 112.60.

About Primary Health Properties

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.