Richard Howell Acquires 70,745 Shares of Primary Health Properties Plc (LON:PHP) Stock

Key Points

• Insider Trading: Richard Howell, an insider at Primary Health Properties Plc, purchased a total of 70,745 shares on July 31, acquiring them at an average price of GBX 96 ($1.27) per share, totaling approximately £67,915.20 ($89,716.25).
• Stock Performance: Following these transactions, Primary Health Properties shares opened at GBX 95.70 ($1.26), representing a 0.5% decline, with a one-year price range between GBX 85.40 ($1.13) and GBX 105.50 ($1.39).
• Financial Outlook: The company reported negative earnings per share (EPS) of GBX 3.50 ($0.05) and is projected to post approximately 7.09 EPS for the current fiscal year, despite a reaffirmed "buy" rating from Shore Capital.

Primary Health Properties Plc (LON:PHP - Get Free Report) insider Richard Howell acquired 70,745 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of GBX 96 ($1.27) per share, for a total transaction of £67,915.20 ($90,180.85).

Richard Howell also recently made the following trade(s):

• On Thursday, July 31st, Richard Howell purchased 20,849 shares of Primary Health Properties stock. The shares were purchased at an average price of GBX 96 ($1.27) per share, with a total value of £20,015.04 ($26,576.87).
• On Thursday, July 31st, Richard Howell purchased 9,389 shares of Primary Health Properties stock. The shares were purchased at an average price of GBX 96 ($1.27) per share, with a total value of £9,013.44 ($11,968.45).

Primary Health Properties Stock Up 0.4%

Shares of Primary Health Properties stock traded up GBX 0.35 ($0.00) during trading hours on Friday, hitting GBX 96.50 ($1.28). The company had a trading volume of 14,025,342 shares, compared to its average volume of 8,457,489. The company's 50-day moving average is GBX 98.57 and its two-hundred day moving average is GBX 96.46. Primary Health Properties Plc has a twelve month low of GBX 85.40 ($1.13) and a twelve month high of GBX 105.50 ($1.40). 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 market cap of £1.30 billion, a P/E 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 issued 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 net margin of 4.84% and a negative return on equity of 0.61%. Analysts anticipate that Primary Health Properties Plc will post 7.0875912 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.