Primary Health Properties PLC’s (LON:PHP) Buy Rating Reiterated at Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Primary Health Properties PLC (LON:PHP) in a research report sent to investors on Thursday. Peel Hunt currently has a GBX 125 ($1.63) target price on the real estate investment trust’s stock.
Separately, Liberum Capital restated a hold rating and set a GBX 110 ($1.43) price target on shares of Primary Health Properties PLC in a report on Thursday, April 20th.
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The company also recently declared a dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, July 13th will be issued a dividend of GBX 1.31 ($0.02) per share. The ex-dividend date is Thursday, July 13th. This represents a dividend yield of 1.16%.
In other news, insider Ian Rutter O.B.E purchased 422 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average price of GBX 114 ($1.49) per share, for a total transaction of £481.08 ($626.73). Also, insider Harry Abraham Hyman purchased 1,489 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were purchased at an average price of GBX 113 ($1.47) per share, for a total transaction of £1,682.57 ($2,191.99). Insiders have bought 2,082 shares of company stock worth $235,773 in the last 90 days.
About Primary Health Properties PLC
Primary Health Properties PLC (PHP) is a United Kingdom-based real estate investment trust (REIT). The principal activity of the Company is the investment in primary healthcare property in the United Kingdom and the Republic of Ireland. It specializes in the ownership of freehold or long leasehold interests in purpose-built healthcare facilities, which are leased to general practitioners, government healthcare bodies and other associated healthcare users.
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