Primary Health Properties PLC (LON:PHP) insider Richard Howell bought 28,377 shares of Primary Health Properties stock in a transaction on Friday, February 14th. The shares were bought at an average cost of GBX 162 ($2.13) per share, with a total value of £45,970.74 ($60,471.90).
Shares of PHP stock opened at GBX 158.63 ($2.09) on Friday. The company has a debt-to-equity ratio of 106.19, a quick ratio of 0.20 and a current ratio of 0.20. Primary Health Properties PLC has a 52-week low of GBX 115.20 ($1.52) and a 52-week high of GBX 160.80 ($2.12). The company has a market capitalization of $1.95 billion and a PE ratio of -18.66. The business’s fifty day moving average is GBX 158.93 and its 200 day moving average is GBX 144.17.
The firm also recently disclosed a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 9th will be paid a dividend of GBX 1.48 ($0.02) per share. This is a positive change from Primary Health Properties’s previous dividend of $1.40. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 0.93%. Primary Health Properties’s dividend payout ratio (DPR) is currently -0.71%.
PHP has been the topic of several analyst reports. Berenberg Bank initiated coverage on Primary Health Properties in a research report on Friday, November 29th. They set a “hold” rating and a GBX 150 ($1.97) price target on the stock. Peel Hunt restated an “add” rating and issued a GBX 160 ($2.10) price objective on shares of Primary Health Properties in a research report on Tuesday. Barclays restated an “overweight” rating and issued a GBX 168 ($2.21) price objective (up from GBX 160 ($2.10)) on shares of Primary Health Properties in a research report on Thursday. Liberum Capital reaffirmed a “buy” rating on shares of Primary Health Properties in a research note on Wednesday. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 160 ($2.10) target price on shares of Primary Health Properties in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 163 ($2.14).
Primary Health Properties Company Profile
Primary Health Properties PLC (PHP) is a UK Real Estate Investment Trust (REIT) and the leading investor in modern primary healthcare premises. The objective of the Group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Ireland let on long term leases backed by a secure underlying covenant funded mostly by government bodies.
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