Primary Health Properties PLC (LON:PHP) insider Richard Howell acquired 28,377 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was acquired at an average price of GBX 162 ($2.13) per share, for a total transaction of £45,970.74 ($60,471.90).
Shares of LON PHP opened at GBX 159.40 ($2.10) on Friday. The stock has a market cap of $1.94 billion and a PE ratio of -18.75. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 106.19. 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 business has a 50-day moving average price of GBX 159 and a 200 day moving average price of GBX 144.29.
The company also recently announced a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 9th will be given a GBX 1.48 ($0.02) dividend. The ex-dividend date is Thursday, January 9th. This is a boost from Primary Health Properties’s previous dividend of $1.40. This represents a dividend yield of 0.93%. Primary Health Properties’s dividend payout ratio is -0.71%.
A number of research analysts have recently commented on the company. Peel Hunt reiterated an “add” rating and issued a GBX 160 ($2.10) price objective on shares of Primary Health Properties in a report on Wednesday. Liberum Capital reiterated a “buy” rating on shares of Primary Health Properties in a report on Wednesday. Peel Hunt reiterated an “add” rating and issued a GBX 160 ($2.10) price objective on shares of Primary Health Properties in a report on Tuesday. Jefferies Financial Group downgraded Primary Health Properties to a “hold” rating and increased their price objective for the company from GBX 147 ($1.93) to GBX 155 ($2.04) in a report on Friday, January 17th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 168 ($2.21) price objective (up previously from GBX 160 ($2.10)) on shares of Primary Health Properties in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 163 ($2.14).
About Primary Health Properties
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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