Primary Health Properties Plc (LON:PHP) Insider Acquires £10,560 in Stock

Key Points

• Bandhana Rawal, an insider at Primary Health Properties Plc, acquired 11,000 shares on July 31st at an average price of GBX 96, totaling approximately £10,560.
• As of the latest trading, Primary Health Properties shares are down 0.5%, with a current market price of GBX 95.70 and a market cap of £1.28 billion.
• Shore Capital has reiterated a "buy" rating on Primary Health Properties, reflecting positive sentiment from analysts regarding the company's stock performance.

Primary Health Properties Plc (LON:PHP - Get Free Report) insider Bandhana Rawal purchased 11,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of GBX 96 ($1.27) per share, with a total value of £10,560 ($14,022.04).

Primary Health Properties Price Performance

Shares of PHP traded up GBX 0.35 ($0.00) during trading hours on Friday, reaching GBX 96.50 ($1.28). 14,025,342 shares of the company's stock traded hands, compared to its average volume of 8,457,489. The company has a current ratio of 0.50, a quick ratio of 0.62 and a debt-to-equity ratio of 96.73. The firm's 50 day simple moving average is GBX 98.57 and its 200-day simple moving average is GBX 96.46. Primary Health Properties Plc has a 12 month low of GBX 85.40 ($1.13) and a 12 month high of GBX 105.50 ($1.40). The stock has a market cap of £1.30 billion, a PE ratio of -150.63, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41.

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

Analysts Set New Price Targets

Separately, Shore Capital reissued a "buy" rating on shares of Primary Health Properties in a research report on Monday, May 19th.

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.