Primary Health Properties (LON:PHP) Receives "Buy" Rating from Shore Capital

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.

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

Primary Health Properties Stock Performance

Shares of Primary Health Properties stock traded down GBX 1.03 ($0.01) during trading hours on Thursday, hitting GBX 94 ($1.26). 11,772,055 shares of the company's stock traded hands, compared to its average volume of 8,623,659. Primary Health Properties has a 12-month low of GBX 85.40 ($1.15) and a 12-month high of GBX 105.50 ($1.42). The stock has a market capitalization of £1.26 billion, a price-to-earnings ratio of -146.73, a PEG ratio of 5.64 and a beta of 0.41. The company has a fifty day simple moving average of GBX 98.12 and a 200-day simple moving average of GBX 96.70. The company has a debt-to-equity ratio of 96.73, a current ratio of 0.50 and a quick ratio of 0.62.

Primary Health Properties (LON:PHP - Get Free Report) last announced its earnings results 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%. Equities research analysts anticipate that Primary Health Properties will post 7.0875912 EPS for the current fiscal year.

Insider Activity

In other news, insider Mark Davies purchased 77,820 shares of the business's stock in a transaction dated Monday, August 4th. The stock was bought at an average price of GBX 96 ($1.29) per share, for a total transaction of £74,707.20 ($100,439.90). Also, insider Ivonne Cantu purchased 20,764 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of GBX 96 ($1.29) per share, with a total value of £19,933.44 ($26,799.46). Over the last quarter, insiders bought 326,537 shares of company stock worth $31,347,552. 2.81% of the stock is owned by insiders.

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.