Primary Health Properties (LON:PHP) Stock: Insider Mark Davies Buys 140,759 Shares

Primary Health Properties Plc (LON:PHP) insider Mark Davies acquired 140,759 shares of the stock in a transaction dated Tuesday, October 27th. The stock was acquired at an average cost of GBX 93 per share, for a total transaction of £130,905.87.

Primary Health Properties Stock Up 0.4%

PHP stock opened at GBX 93.40 on Wednesday. Primary Health Properties Plc has a 12 month low of GBX 88.30 and a 12 month high of GBX 109.60. The firm has a market cap of £2.42 billion, a PE ratio of 15.57, a P/E/G ratio of 5.64 and a beta of 0.79. The firm has a 50 day simple moving average of GBX 92.57 and a 200 day simple moving average of GBX 95.90. The company has a debt-to-equity ratio of 131.37, a current ratio of 0.88 and a quick ratio of 0.62.

Primary Health Properties (LON:PHP) last posted its quarterly earnings results on Thursday, October 15th. The real estate investment trust reported GBX (0.14) earnings per share (EPS) for the quarter. Primary Health Properties had a return on equity of 6.20% and a net margin of 43.30%. Equities research analysts forecast that Primary Health Properties Plc will post 7.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 107 price objective on shares of Primary Health Properties in a research note on Thursday, October 15th. Berenberg Bank cut their target price on Primary Health Properties from GBX 133 to GBX 131 and set a “buy” rating on the stock in a research report on Monday. Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Primary Health Properties presently has a consensus rating of “Moderate Buy” and an average price target of GBX 112.60.

About Primary Health Properties

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth.

To achieve this, PHP invests in healthcare real estate let on long-term leases, backed by secure underlying covenants where the majority of rental income is funded directly or indirectly by a government body.