Primary Health Properties Plc (LON:PHP) Insider Mark Davies Acquires 77,820 Shares

Key Points

• Mark Davies, an insider at Primary Health Properties Plc, acquired 77,820 shares at an average price of GBX 96, amounting to a total investment of £74,707.20.
• The company experienced a slight decline in stock price, trading down to GBX 95.81, with an average trading volume of approximately 6.98 million shares.
• Primary Health Properties reported a negative net margin of 4.84% and a projected earnings per share of 7.09 for the current year.

Primary Health Properties Plc (LON:PHP - Get Free Report) insider Mark Davies purchased 77,820 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of GBX 96 ($1.29) per share, for a total transaction of £74,707.20 ($100,466.92).

Mark Davies also recently made the following trade(s):

• On Friday, August 1st, Mark Davies purchased 38,261 shares of Primary Health Properties stock. The stock was bought at an average cost of GBX 96 ($1.29) per share, with a total value of £36,730.56 ($49,395.59).

Primary Health Properties Stock Performance

Shares of LON PHP traded down GBX 0.35 ($0.00) during trading on Thursday, reaching GBX 94.50 ($1.27). 13,829,938 shares of the stock traded hands, compared to its average volume of 8,590,057. The stock has a market capitalization of £1.27 billion, a P/E ratio of -147.51, 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. The company has a 50-day moving average of GBX 98.38 and a 200-day moving average of GBX 96.53. Primary Health Properties Plc has a 52-week low of GBX 85.40 ($1.15) and a 52-week high of GBX 105.50 ($1.42).

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

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "buy" rating on shares of Primary Health Properties in a research report on Thursday.

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.