Shore Capital Reaffirms "Buy" Rating for Primary Health Properties (LON:PHP)

Key Points

• Primary Health Properties has had its "buy" rating reaffirmed by Shore Capital, signaling positive sentiment toward the company's stock.
• The company's recent quarterly earnings showed an EPS of GBX 3.50, alongside a negative net margin of 4.84% and a negative return on equity of 0.61%.
• Recent insider transactions include significant purchases by Mark Davies and Ivonne Cantu, with over 521,605 shares acquired in the last 90 days, indicating confidence from company insiders.

Shore Capital restated their buy rating on shares of Primary Health Properties (LON:PHP - Free Report) in a research report report published on Wednesday morning, MarketBeat Ratings reports.

Primary Health Properties Stock Performance

Shares of PHP traded up GBX 0.50 during mid-day trading on Wednesday, reaching GBX 90. 272,338,906 shares of the company's stock were exchanged, compared to its average volume of 11,359,770. The company has a debt-to-equity ratio of 96.73, a current ratio of 0.50 and a quick ratio of 0.62. The stock has a market capitalization of £1.20 billion, a PE ratio of 1,250.00, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The business's fifty day simple moving average is GBX 94.75 and its 200-day simple moving average is GBX 96.72. Primary Health Properties has a 52-week low of GBX 85.40 and a 52-week high of GBX 105.50.

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 earnings per share (EPS) for the quarter. Primary Health Properties had a negative net margin of 4.84% and a negative return on equity of 0.61%. On average, equities research analysts expect that Primary Health Properties will post 7.0875912 earnings per share for the current year.

Insider Transactions at Primary Health Properties

In other news, insider Richard Howell acquired 70,745 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost of GBX 96 per share, for a total transaction of £67,915.20. Also, insider Ian Krieger acquired 162,800 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of GBX 92 per share, for a total transaction of £149,776. Insiders bought a total of 521,605 shares of company stock worth $49,374,392 over the last quarter. 1.27% of the stock is currently owned by corporate insiders.

About Primary Health Properties

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.