Primary Health Properties (LON:PHP) Given “Buy” Rating at Shore Capital

Shore Capital reissued their buy rating on shares of Primary Health Properties (LON:PHP) in a research note published on Thursday, MarketBeat.com reports.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 105 ($1.37) price target on shares of Primary Health Properties in a research report on Monday, March 3rd.

Primary Health Properties Trading Up 2.0 %

Shares of PHP stock opened at GBX 97.25 ($1.27) on Thursday. Primary Health Properties has a 1-year low of GBX 85.40 ($1.12) and a 1-year high of GBX 105.50 ($1.38). The company has a market cap of £1.31 billion, a price-to-earnings ratio of -151.80, a PEG 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 stock has a 50 day simple moving average of GBX 93.59 and a 200-day simple moving average of GBX 94.13.

Primary Health Properties (LON:PHP) last posted its quarterly earnings data on Friday, February 28th. The real estate investment trust reported GBX 7 ($0.09) EPS for the quarter. Primary Health Properties had a negative return on equity of 0.61% and a negative net margin of 4.84%. On average, equities research analysts expect that Primary Health Properties will post 7.0875912 EPS for the current fiscal year.

Primary Health Properties Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, March 27th will be issued a GBX 1.78 ($0.02) dividend. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, March 27th. Primary Health Properties’s dividend payout ratio is currently -1,092.68%.

Insider Buying and Selling at Primary Health Properties

In other Primary Health Properties news, insider Harry Abraham Hyman purchased 3,808 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of GBX 93 ($1.22) per share, with a total value of £3,541.44 ($4,635.39). 2.81% of the stock is currently owned by company insiders.

Primary Health Properties Company Profile

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.