Primary Health Properties (LON:PHP) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Primary Health Properties Plc (LON:PHP)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 95.73 and traded as high as GBX 96.15. Primary Health Properties shares last traded at GBX 96.15, with a volume of 12,632,944 shares trading hands.

Analysts Set New Price Targets

A number of research firms have weighed in on PHP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 115 target price on shares of Primary Health Properties in a research note on Friday, July 31st. Berenberg Bank dropped their price target on Primary Health Properties from GBX 133 to GBX 131 and set a “buy” rating for the company in a research note on Monday, October 26th. Jefferies Financial Group reissued a “buy” rating and set a GBX 107 price objective on shares of Primary Health Properties in a report on Wednesday, October 28th. Finally, Shore Capital Group reissued a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Primary Health Properties has a consensus rating of “Moderate Buy” and an average price target of GBX 112.60.

Primary Health Properties Trading Up 1.0%

The company has a market cap of £2.51 billion, a P/E ratio of 16.09, a PEG ratio of 5.64 and a beta of 0.79. The firm’s 50 day moving average is GBX 92.45 and its two-hundred day moving average is GBX 95.66. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 131.37.

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

Insider Transactions at Primary Health Properties

In related news, insider Mark Davies acquired 140,759 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were bought at an average cost of GBX 93 per share, with a total value of £130,905.87. Also, insider Richard Howell bought 54,659 shares of Primary Health Properties stock in a transaction that occurred on Friday, October 23rd. The stock was bought at an average price of GBX 91 per share, for a total transaction of £49,739.69. Insiders have bought 249,681 shares of company stock valued at $23,109,497 over the last 90 days. 1.05% of the stock is owned by corporate insiders.

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.