Primary Health Properties (LON:PHP) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Primary Health Properties Plc (LON:PHP) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 95.87 ($1.28) and traded as low as GBX 93.15 ($1.24). Primary Health Properties shares last traded at GBX 94.60 ($1.26), with a volume of 26,143,936 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Primary Health Properties in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 105.

Primary Health Properties Price Performance

The stock has a 50 day moving average price of GBX 90.88 and a two-hundred day moving average price of GBX 95.87. 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 market capitalization of £2.42 billion, a PE ratio of 13.08, a P/E/G ratio of 5.64 and a beta of 0.41.

Primary Health Properties (LON:PHP) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported GBX 3.50 EPS for the quarter. Primary Health Properties had a negative return on equity of 0.61% and a negative net margin of 4.84%. Equities analysts forecast that Primary Health Properties Plc will post 7.0875912 earnings per share for the current year.

Insider Transactions at Primary Health Properties

In other Primary Health Properties news, insider Ian Krieger bought 162,800 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was bought at an average cost of GBX 92 per share, with a total value of £149,776. Also, insider Mark Davies purchased 77,820 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of GBX 96 per share, for a total transaction of £74,707.20. Over the last three months, insiders acquired 753,169 shares of company stock valued at $69,983,588. Insiders own 1.05% of the company’s stock.

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.