Primary Health Properties (PHP)

Sector:

Property Investment Trusts

Index:

FTSE 250

96.05p
   
  • Change Today:
      0.40p
  • 52 Week High: 106.30
  • 52 Week Low: 85.50
  • Currency: UK Pounds
  • Shares Issued: 1,336.49m
  • Volume: 2,396,802
  • Market Cap: £1,283.70m
  • RiskGrade: 84

Primary Health Properties makes its biggest Ireland acquisition yet

By Josh White

Date: Wednesday 13 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Healthcare facilities investor Primary Health Properties announced on Wednesday that it would acquire Ireland's first Enhanced Community Care (ECC) facility located near Cork for €29.64m.
The company said the building is part of a €240m government initiative to reduce hospital load by providing community-based health services.

It said the facility would cater primarily to the elderly and those with chronic diseases.

The property is eco-friendly with a 'Very Good' BREEAM rating, and a Building Energy Rating of A3, indicating near-zero emissions.

Features include solar panels and an air source heat pump.

Axis Technical Services would manage the property, adding to PHP's expanding portfolio, now totalling 514 assets, including 21 in Ireland.

"We are delighted to have acquired another modern purpose-built facility which represents our largest single investment in Ireland to date," said chief executive officer Harry Hyman.

"Ireland continues to be the group's preferred area for future investment where the property investment market continues to remain attractive and is accretive to earnings, being less affected by the ongoing interest rate and economic outlook in the UK."

At 0840 BST, shares in Primary Health Properties were up 0.09% at 94.29p.

Reporting by Josh White for 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 96.05p
Change Today 0.40p
% Change 0.42 %
52 Week High 106.30
52 Week Low 85.50
Volume 2,396,802
Shares Issued 1,336.49m
Market Cap £1,283.70m
RiskGrade 84

PHP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.72% below the market average38.72% below the market average38.72% below the market average38.72% below the market average38.72% 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
Price Trend
17.37% below the market average17.37% below the market average17.37% below the market average17.37% below the market average17.37% below the market average
13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average
Income
87.33% above the market average87.33% above the market average87.33% above the market average87.33% above the market average87.33% 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
81.83% below the market average81.83% below the market average81.83% below the market average81.83% below the market average81.83% 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 18-Jul-2024

Time Volume / Share Price
16:38 133,410 @ 96.05p
16:36 4,760 @ 96.05p
16:35 554,997 @ 96.05p
16:35 1 @ 96.05p
16:35 410 @ 96.05p

PHP Key Personnel

CFO Richard Howell
CEO Mark Davies

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