Primary Health Properties (PHP) Reaches New 1-Year High at $133.80
Shares of Primary Health Properties PLC (LON:PHP) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 133.80 ($1.75) and last traded at GBX 133.50 ($1.74), with a volume of 45304 shares trading hands. The stock had previously closed at GBX 133 ($1.74).
Several research firms recently issued reports on PHP. Peel Hunt raised shares of Primary Health Properties to a “buy” rating in a report on Tuesday, May 14th. Liberum Capital cut shares of Primary Health Properties to a “hold” rating and upped their price target for the company from GBX 125 ($1.63) to GBX 130 ($1.70) in a report on Monday, March 25th.
The firm has a market cap of $1.51 billion and a PE ratio of 13.62. The company has a debt-to-equity ratio of 88.06, a quick ratio of 0.07 and a current ratio of 0.08.
In other Primary Health Properties news, insider Harry Abraham Hyman bought 77,100 shares of the company’s stock in a transaction on Monday, February 25th. The shares were bought at an average cost of GBX 120 ($1.57) per share, with a total value of £92,520 ($120,893.77). Also, insider Peter Cole bought 50,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were acquired at an average cost of GBX 118 ($1.54) per share, for a total transaction of £59,000 ($77,093.95). Insiders have acquired 127,175 shares of company stock worth $15,161,750 over the last three months.
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About Primary Health Properties (LON:PHP)
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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