Primary Health Properties (LON:PHP) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Primary Health Properties (LON:PHP) in a research report sent to investors on Monday morning,Digital Look reports. They currently have a GBX 105 ($1.35) target price on the real estate investment trust’s stock.

Primary Health Properties Stock Performance

LON:PHP opened at GBX 90.95 ($1.17) on Monday. The company has a debt-to-equity ratio of 96.73, a quick ratio of 0.62 and a current ratio of 0.50. The company has a fifty day moving average of GBX 91.25 and a two-hundred day moving average of GBX 94.92. The stock has a market capitalization of £1.22 billion, a PE ratio of -141.97, 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 ($1.10) and a fifty-two week high of GBX 105.50 ($1.36).

Primary Health Properties (LON:PHP) last issued 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 net margin of 4.84% and a negative return on equity of 0.61%. As a group, research analysts forecast that Primary Health Properties will post 7.0875912 earnings per share for the current fiscal year.

Primary Health Properties Increases Dividend

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

Insider Activity at Primary Health Properties

In related news, insider Harry Abraham Hyman bought 3,808 shares of the stock in a transaction on Friday, February 21st. The stock was bought at an average price of GBX 93 ($1.20) per share, with a total value of £3,541.44 ($4,564.89). 2.81% of the stock is currently owned by insiders.

About Primary Health Properties

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.