Primary Health Properties (LON:PHP) Insider Mark Davies Acquires 140,759 Shares of Stock

Key Points

• Insider buying: Primary Health Properties insider Mark Davies purchased 140,759 shares at an average of GBX 93, investing approximately £130,906.
• Stock and financial metrics: PHP shares opened at GBX 93.40, with a market capitalization of about £2.42 billion. The company reported quarterly EPS of negative GBX 0.14 and has a 43.30% net margin.
• Analyst outlook: The stock carries a “Moderate Buy” consensus rating, with four Buy ratings and one Hold rating. Analysts’ average price target is GBX 112.60, above the current share price.

Primary Health Properties Plc (LON:PHP - Get Free Report) insider Mark Davies purchased 140,759 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was bought at an average price of GBX 93 per share, with a total value of £130,905.87.

Primary Health Properties Trading Up 0.4%

Shares of LON PHP opened at GBX 93.40 on Wednesday. The stock's 50 day moving average price is GBX 92.57 and its two-hundred day moving average price is 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 stock has a market capitalization of £2.42 billion, a P/E ratio of 15.57, a PEG ratio of 5.64 and a beta of 0.79. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The real estate investment trust reported GBX (0.14) earnings per share (EPS) for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. On average, analysts anticipate that Primary Health Properties Plc will post 7.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PHP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 115 price objective on shares of Primary Health Properties in a research report on Friday, July 31st. Shore Capital Group restated a "house stock" rating on shares of Primary Health Properties in a research report on Thursday, July 30th. 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. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 107 price target on shares of Primary Health Properties in a research report on Thursday, October 15th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Primary Health Properties presently has an average rating of "Moderate Buy" and a consensus 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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