Primary Health Properties (LON:PHP) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Primary Health Properties Plc (LON:PHP)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 97.89 and traded as low as GBX 90.50. Primary Health Properties shares last traded at GBX 91.20, with a volume of 8,312,671 shares.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PHP shares. Berenberg Bank reissued a “buy” rating and set a GBX 128 target price on shares of Primary Health Properties in a research report on Friday, April 24th. Stifel Nicolaus reissued a “buy” rating and set a GBX 105 target price on shares of Primary Health Properties in a research report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their target price on shares of Primary Health Properties from GBX 100 to GBX 105 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft raised their target price on Primary Health Properties from GBX 114 to GBX 115 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a research report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Primary Health Properties presently has a consensus rating of “Moderate Buy” and an average target price of GBX 113.40.

Primary Health Properties Trading Up 1.2%

The stock has a market cap of £2.40 billion, a P/E ratio of 13.98, a PEG ratio of 5.64 and a beta of 0.79. The firm’s fifty day moving average price is GBX 93.22 and its two-hundred day moving average price is GBX 97.85. The company has a debt-to-equity ratio of 129.48, a current ratio of 6.67 and a quick ratio of 0.62.

Primary Health Properties (LON:PHP) last released its quarterly earnings results on Tuesday, March 17th. The real estate investment trust reported GBX 7.30 earnings per share for the quarter. Primary Health Properties had a net margin of 45.95% and a return on equity of 6.03%. As a group, equities research analysts forecast that Primary Health Properties Plc will post 7.0875912 EPS for the current year.

About Primary Health Properties

PHP invests in flexible, modern properties for local primary healthcare.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.

To achieve this, PHP invests in healthcare real estate let on long-term leases, backed by secure underlying covenants where the majority of rental income is funded directly or indirectly by a government body.