Primary Health Properties (LON:PHP) Given Buy Rating at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Primary Health Properties (LON:PHP) in a report published on Monday,Digital Look reports. They currently have a GBX 105 ($1.33) price objective on the real estate investment trust’s stock.

Primary Health Properties Stock Down 2.0 %

PHP opened at GBX 92.10 ($1.17) on Monday. The stock has a fifty day moving average of GBX 91.29 and a 200-day moving average of GBX 94.99. The company has a market capitalization of £1.24 billion, a P/E ratio of -143.77, a P/E/G ratio of 5.64 and a beta of 0.41. Primary Health Properties has a fifty-two week low of GBX 85.40 ($1.09) and a fifty-two week high of GBX 105.50 ($1.34). The company has a debt-to-equity ratio of 96.73, a quick ratio of 0.62 and a current ratio of 0.50.

Primary Health Properties (LON:PHP) last issued 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 net margin of 4.84% and a negative return on equity of 0.61%. On average, equities analysts expect that Primary Health Properties will post 7.0875912 EPS for the current year.

Primary Health Properties Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 9th were given a dividend of GBX 1.78 ($0.02) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 1.9%. This is an increase from Primary Health Properties’s previous dividend of $1.73. Primary Health Properties’s dividend payout ratio is currently -1,092.68%.

Insider Buying and Selling at Primary Health Properties

In other news, insider Harry Abraham Hyman bought 25,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of GBX 92 ($1.17) per share, for a total transaction of £23,000 ($29,228.62). 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.