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

Key Points

• Insider Richard Howell bought 53,504 shares of Primary Health Properties at GBX 93 each, worth approximately £49,759. He also purchased 55,418 shares in two transactions the previous week.
• PHP shares opened at GBX 93.40, with a market capitalization of approximately £2.42 billion and a 52-week range of GBX 88.30 to GBX 109.60.
• Analysts maintain a broadly positive view: four rate the stock “Buy” and one “Hold,” producing a consensus “Moderate Buy” rating and an average price target of GBX 112.60.

Primary Health Properties Plc (LON:PHP - Get Free Report) insider Richard Howell acquired 53,504 shares of the business's stock in a transaction on Wednesday, October 28th. The stock was acquired 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 bought 54,659 shares of Primary Health Properties stock. The shares were acquired at an average cost of GBX 91 per share, with a total value of £49,739.69.
• On Friday, October 23rd, Richard Howell bought 759 shares of Primary Health Properties stock. The shares were acquired at an average cost of GBX 91 per share, with a total value of £690.69.

Primary Health Properties Price Performance

PHP stock opened at GBX 93.40 on Wednesday. The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88. The firm 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 price-to-earnings ratio of 15.57, a PEG ratio of 5.64 and a beta of 0.79.

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%. Equities research analysts forecast that Primary Health Properties Plc will post 7.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Berenberg Bank cut their target price on Primary Health Properties from GBX 133 to GBX 131 and set a "buy" rating on the stock in a research note on Monday. Jefferies Financial Group restated a "buy" rating and set a GBX 107 price target on shares of Primary Health Properties in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 115 price target on shares of Primary Health Properties in a research report on Friday, July 31st. Finally, Shore Capital Group reiterated a "house stock" rating on shares of Primary Health Properties in a research note 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. According to MarketBeat, Primary Health Properties presently 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.

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