Primary Health Properties (LON:PHP) Earns “Buy” Rating from Shore Capital

Primary Health Properties (LON:PHP)‘s stock had its “buy” rating reissued by equities researchers at Shore Capital in a research note issued on Monday,London Stock Exchange reports.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 105 ($1.40) price objective on shares of Primary Health Properties in a research note on Monday, March 3rd.

Primary Health Properties Price Performance

LON PHP traded down GBX 0.30 ($0.00) on Monday, hitting GBX 100.10 ($1.33). 2,896,766 shares of the company were exchanged, compared to its average volume of 8,033,089. Primary Health Properties has a 1-year low of GBX 85.40 ($1.14) and a 1-year high of GBX 105.50 ($1.40). The company has a market cap of £1.34 billion, a P/E ratio of -156.25, a P/E/G ratio of 5.64 and a beta of 0.41. The company has a current ratio of 0.50, a quick ratio of 0.62 and a debt-to-equity ratio of 96.73. The firm has a 50 day moving average of GBX 97.71 and a two-hundred day moving average of GBX 94.28.

Primary Health Properties (LON:PHP) last announced its quarterly earnings data on Friday, February 28th. The real estate investment trust reported GBX 7 ($0.09) earnings per share 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 analysts predict that Primary Health Properties will post 7.0875912 EPS for the current year.

Insider Activity at Primary Health Properties

In other Primary Health Properties news, insider Harry Abraham Hyman acquired 25,000 shares of the stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of GBX 92 ($1.22) per share, for a total transaction of £23,000 ($30,585.11). 2.81% of the stock is owned by corporate 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.