Primary Health Properties (PHP) Announces Earnings Results, Meets Estimates

Primary Health Properties (LON:PHP) issued its quarterly earnings results on Thursday. The real estate investment trust reported GBX 5.20 ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of GBX 5.20 ($0.07), Bloomberg Earnings reports. The firm had revenue of GBX 725 billion during the quarter. Primary Health Properties had a return on equity of 17.16% and a net margin of 125.50%.

Shares of Primary Health Properties (LON PHP) opened at GBX 114.30 ($1.58) on Thursday. Primary Health Properties has a one year low of GBX 105.75 ($1.46) and a one year high of GBX 123.50 ($1.71). The stock has a market capitalization of $709.32 and a P/E ratio of 1,143.00.

The company also recently disclosed a dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 11th will be paid a dividend of GBX 1.35 ($0.02) per share. The ex-dividend date is Thursday, January 11th. This represents a yield of 1.15%. This is a boost from Primary Health Properties’s previous dividend of $1.32.

In other news, insider Harry Abraham Hyman bought 923 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average cost of GBX 114 ($1.58) per share, for a total transaction of £1,052.22 ($1,453.74).

A number of brokerages recently commented on PHP. Liberum Capital reissued a “hold” rating and issued a GBX 120 ($1.66) price target on shares of Primary Health Properties in a report on Thursday. Peel Hunt reissued a “buy” rating and issued a GBX 125 ($1.73) price target on shares of Primary Health Properties in a report on Thursday. Finally, Jefferies Group began coverage on Primary Health Properties in a report on Wednesday, November 29th. They issued a “buy” rating and a GBX 125 ($1.73) price target for the company.

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Primary Health Properties Company Profile

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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