Insider Buying: Primary Health Properties (LON:PHP) Insider Acquires £49,739.69 in Stock

Key Points

• Insider purchase: Richard Howell bought 54,659 Primary Health Properties shares at GBX 91 each, worth £49,739.69, plus an additional 759 shares valued at £690.69.
• Stock performance: PHP opened at GBX 91.95, with a market capitalization of approximately £2.39 billion; shares have traded between GBX 88.30 and GBX 109.60 over the past year.
• Analyst outlook: Four analysts rate the stock Buy and one rates it Hold, giving PHP a consensus “Moderate Buy” rating and an average price target of GBX 113.

Primary Health Properties Plc (LON:PHP - Get Free Report) insider Richard Howell bought 54,659 shares of the company's stock in a transaction on Friday, October 23rd. The shares were acquired at an average price of GBX 91 per share, for a total transaction of £49,739.69.

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

• On Friday, October 23rd, Richard Howell bought 759 shares of Primary Health Properties stock. The stock was acquired at an average cost of GBX 91 per share, with a total value of £690.69.

Primary Health Properties Price Performance

Shares of LON PHP opened at GBX 91.95 on Monday. The firm has a market capitalization of £2.39 billion, a P/E ratio of 15.33, a PEG ratio of 5.64 and a beta of 0.79. Primary Health Properties Plc has a one year low of GBX 88.30 and a one year high of GBX 109.60. The company's fifty day moving average is GBX 92.63 and its two-hundred day moving average is GBX 93.38. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88.

Primary Health Properties (LON:PHP - Get Free Report) last posted its quarterly 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 return on equity of 6.20% and a net margin of 43.30%. Analysts forecast that Primary Health Properties Plc will post 7.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PHP. Berenberg Bank increased their target price on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the company a "buy" rating in a report on Friday, August 14th. 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. Shore Capital Group restated a "house stock" rating on shares of Primary Health Properties in a report on Thursday, July 30th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 107 price objective on shares of Primary Health Properties in a research note on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 113.

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.

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