Primary Health Properties’ (PHP) Buy Rating Reiterated 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 morning,Digital Look reports. They currently have a GBX 105 ($1.35) price objective on the real estate investment trust’s stock.

Primary Health Properties Trading Down 1.6 %

LON:PHP opened at GBX 90.95 ($1.17) on Monday. Primary Health Properties has a one year low of GBX 85.40 ($1.10) and a one year high of GBX 105.50 ($1.36). 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 firm has a market cap of £1.22 billion, a P/E ratio of -141.97, a P/E/G ratio of 5.64 and a beta of 0.41. The firm has a 50-day simple moving average of GBX 91.25 and a 200-day simple moving average of GBX 94.92.

Primary Health Properties (LON:PHP) last posted its quarterly 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%. Equities analysts anticipate that Primary Health Properties will post 7.0875912 EPS 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 paid a dividend of GBX 1.78 ($0.02) per share. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, January 9th. This is a positive change from Primary Health Properties’s previous dividend of $1.73. Primary Health Properties’s payout ratio is -1,092.68%.

Insider Buying and Selling

In other Primary Health Properties news, insider Harry Abraham Hyman acquired 25,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of GBX 92 ($1.19) per share, with a total value of £23,000 ($29,646.82). 2.81% of the stock is currently owned by company 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.