Primary Health Properties' (PHP) "Buy" Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of Primary Health Properties (LON:PHP - Free Report) in a research note issued to investors on Thursday morning, Marketbeat.com reports.

Separately, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 105 ($1.38) price target on shares of Primary Health Properties in a research note on Monday, March 3rd.

Primary Health Properties Stock Up 0.9 %

Shares of Primary Health Properties stock traded up GBX 0.85 ($0.01) during trading on Thursday, reaching GBX 98.65 ($1.30). The stock had a trading volume of 6,444,371 shares, compared to its average volume of 9,069,759. 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 company has a market capitalization of £1.32 billion, a price-to-earnings ratio of -153.99, a P/E/G ratio of 5.64 and a beta of 0.41. The stock has a fifty day moving average price of GBX 93.71 and a two-hundred day moving average price of GBX 94.07. Primary Health Properties has a 52 week low of GBX 85.40 ($1.13) and a 52 week high of GBX 105.50 ($1.39).

Primary Health Properties (LON:PHP - Get Free Report) last released its earnings results 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%. Sell-side analysts predict that Primary Health Properties will post 7.0875912 EPS for the current fiscal year.

Primary Health Properties Announces Dividend

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

Insiders Place Their Bets

In other Primary Health Properties news, insider Harry Abraham Hyman purchased 25,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of GBX 92 ($1.21) per share, with a total value of £23,000 ($30,327.00). Insiders own 2.81% of the company's stock.

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.