Primary Health Properties Plc (LON:PHP) Insider Acquires £36,730.56 in Stock

Key Points

• Mark Davies, an insider at Primary Health Properties Plc, acquired 38,261 shares of the company at an average price of GBX 96 ($1.27) per share, totaling approximately £36,730.56 ($48,772.49).
• Primary Health Properties has a market capitalization of £1.29 billion, with shares currently trading at GBX 96.30 ($1.28) and a 1-year P/E ratio of -150.32.
• Analysts from Shore Capital have reaffirmed a "buy" rating on Primary Health Properties, while the company reported a negative return on equity of -0.61% for the last quarter.

Primary Health Properties Plc (LON:PHP - Get Free Report) insider Mark Davies acquired 38,261 shares of the company's stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of GBX 96 ($1.28) per share, with a total value of £36,730.56 ($49,065.67).

Mark Davies also recently made the following trade(s):

• On Monday, August 4th, Mark Davies acquired 77,820 shares of Primary Health Properties stock. The stock was purchased at an average cost of GBX 96 ($1.28) per share, for a total transaction of £74,707.20 ($99,795.89).

Primary Health Properties Price Performance

Shares of LON PHP traded down GBX 0.35 ($0.00) during mid-day trading on Thursday, reaching GBX 94.50 ($1.26). 13,829,938 shares of the company were exchanged, compared to its average volume of 8,590,057. Primary Health Properties Plc has a 52 week low of GBX 85.40 ($1.14) and a 52 week high of GBX 105.50 ($1.41). The stock has a market capitalization of £1.27 billion, a PE ratio of -147.51, a PEG ratio of 5.64 and a beta of 0.41. The company's 50 day moving average price is GBX 98.38 and its 200 day moving average price is GBX 96.53. The company has a quick ratio of 0.62, a current ratio of 0.50 and a debt-to-equity ratio of 96.73.

Primary Health Properties (LON:PHP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported GBX 3.50 ($0.05) earnings per share (EPS) for the quarter. Primary Health Properties had a negative return on equity of 0.61% and a negative net margin of 4.84%. Sell-side analysts forecast that Primary Health Properties Plc will post 7.0875912 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "buy" rating on shares of Primary Health Properties in a research note on Thursday.

Primary Health Properties Company Profile

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP's, government healthcare bodies, pharmacies and other providers of related healthcare services.