Primary Health Properties (LON:PHP) Insider Buys £149,776 in Stock

Key Points

• Insider Ian Krieger purchased 162,800 shares of Primary Health Properties Plc at an average price of GBX 92, totaling £149,776 on August 18th.
• Primary Health Properties reported a negative net margin of 4.84% and a negative return on equity of 0.61%, with a projected earnings per share of 7.09 for the current year.
• Shore Capital has maintained a "buy" rating for Primary Health Properties, indicating continued analyst interest and potential for growth.

Primary Health Properties Plc (LON:PHP - Get Free Report) insider Ian Krieger bought 162,800 shares of the stock in a transaction on Monday, August 18th. The stock was purchased at an average cost of GBX 92 per share, with a total value of £149,776.

Primary Health Properties Trading Up 0.6%

PHP stock traded up GBX 0.60 during midday trading on Friday, hitting GBX 94.20. The stock had a trading volume of 12,577,995 shares, compared to its average volume of 9,451,751. The firm has a market cap of £1.26 billion, a PE ratio of -147.04, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. 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 Plc has a 12-month low of GBX 85.40 and a 12-month high of GBX 105.50. The company's 50-day moving average price is GBX 96.67 and its 200 day moving average price is GBX 96.75.

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 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 predict that Primary Health Properties Plc will post 7.0875912 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "buy" rating on shares of Primary Health Properties in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Primary Health Properties currently has a consensus rating of "Buy" and a consensus target price of GBX 107.50.

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.