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Primary Health Properties' (PHP) "Buy" Rating Reiterated at Shore Capital

Primary Health Properties logo with Real Estate background

Key Points

  • Shore Capital has reiterated its "buy" rating for Primary Health Properties (PHP) following recent stock performance updates.
  • As of Thursday, PHP's stock opened at GBX 93.67, with a market cap of £1.26 billion and a negative earnings per share of GBX 3.50 ($0.05).
  • Insider transactions include purchases by Ivonne Cantu and Richard Howell, with insiders acquiring a total of 326,537 shares in the last 90 days, indicating confidence in the company.
  • Need Better Tools to Track Primary Health Properties? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Primary Health Properties (LON:PHP - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Shore Capital in a note issued to investors on Thursday, Marketbeat.com reports.

Primary Health Properties Stock Performance

PHP opened at GBX 93.67 ($1.25) on Thursday. Primary Health Properties has a 12-month low of GBX 85.40 ($1.14) and a 12-month high of GBX 105.50 ($1.41). The stock has a market cap of £1.26 billion, a price-to-earnings ratio of -146.21, a PEG ratio of 5.64 and a beta of 0.41. The business has a 50 day moving average of GBX 98.46 and a 200-day moving average of GBX 96.54. 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 released 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%. On average, equities research analysts expect that Primary Health Properties will post 7.0875912 earnings per share for the current year.

Insider Buying and Selling at Primary Health Properties

In other news, insider Ivonne Cantu purchased 20,764 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of GBX 96 ($1.28) per share, with a total value of £19,933.44 ($26,627.62). Also, insider Richard Howell purchased 70,745 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost of GBX 96 ($1.28) per share, with a total value of £67,915.20 ($90,722.95). Insiders acquired a total of 326,537 shares of company stock worth $31,347,552 in the last 90 days. Company insiders own 2.81% of the company's stock.

About Primary Health Properties

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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