Primary Health Properties (PHP)

Sector:

Property Investment Trusts

Index:

FTSE 250

96.30p
   
  • Change Today:
      0.25p
  • 52 Week High: 106.30
  • 52 Week Low: 85.50
  • Currency: UK Pounds
  • Shares Issued: 1,336.49m
  • Volume: 2,503,037
  • Market Cap: £1,287.04m
  • RiskGrade: 84

Primary Health Properties sells 13 centres for £27.7m

By Frank Prenesti

Date: Thursday 07 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Primary Health Properties said it has sold a portfolio of 13 smaller medical centres across England and Wales for £27.7m.
The sale price is 13% above PHP's book value at 31 December 2021. Following completion of the sale, which is anticipated to take place later this month, the company's portfolio will comprise 511 assets, of which 20 are in Ireland, with a contracted rent roll of just under £143m.

"We are delighted to have been able to achieve such a strong price for this portfolio of medical centres, which comprises smaller facilities significantly below our average lot size," said chief executive Harry Hyman.

"The disposal will allow us to deploy the proceeds into our strong pipeline across the UK and Ireland which we believe will deliver stronger returns."

Reporting by Frank Prenesti at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PHP Market Data

Currency UK Pounds
Share Price 96.30p
Change Today 0.25p
% Change 0.26 %
52 Week High 106.30
52 Week Low 85.50
Volume 2,503,037
Shares Issued 1,336.49m
Market Cap £1,287.04m
RiskGrade 84

PHP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.01% below the market average37.01% below the market average37.01% below the market average37.01% below the market average37.01% below the market average
35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average
Price Trend
27.52% below the market average27.52% below the market average27.52% below the market average27.52% below the market average27.52% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income
87.55% above the market average87.55% above the market average87.55% above the market average87.55% above the market average87.55% above the market average
85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average
Growth
82.01% below the market average82.01% below the market average82.01% below the market average82.01% below the market average82.01% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 4
Sell 1
Strong Sell 1
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PHP Dividends

  Latest Previous
  Q3 Q2
Ex-Div 04-Jul-24 28-Mar-24
Paid 16-Aug-24 17-May-24
Amount 1.73p 1.73p

Trades for 12-Jul-2024

Time Volume / Share Price
16:36 1,614 @ 96.30p
16:35 855,371 @ 96.30p
16:35 1,352 @ 96.30p
16:35 1,962 @ 96.30p
16:35 6,626 @ 96.30p

PHP Key Personnel

CFO Richard Howell
CEO Mark Davies

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