Primary Health Properties (LON:PHP) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Primary Health Properties Plc (LON:PHP)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 98.25 and traded as low as GBX 93.35. Primary Health Properties shares last traded at GBX 93.52, with a volume of 13,058,623 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Shore Capital Group restated a “house stock” rating on shares of Primary Health Properties in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Stifel Nicolaus restated a “buy” rating and issued a GBX 105 price objective on shares of Primary Health Properties in a research report on Wednesday, April 15th. JPMorgan Chase & Co. boosted their price objective on Primary Health Properties from GBX 100 to GBX 105 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 128 price objective on shares of Primary Health Properties in a research report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 113.40.

Primary Health Properties Stock Performance

The company has a debt-to-equity ratio of 129.48, a current ratio of 6.67 and a quick ratio of 0.62. The business has a 50-day simple moving average of GBX 93.69 and a 200-day simple moving average of GBX 98.25. The firm has a market capitalization of £2.45 billion, a PE ratio of 14.30, a P/E/G ratio of 5.64 and a beta of 0.79.

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

Primary Health Properties Company Profile

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.