Share Name Share Symbol Market Type Share ISIN Share Description
Primary Health Properties LSE:PHP London Ordinary Share GB00BYRJ5J14 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.80p +0.69% 116.80p 116.80p 117.20p 117.00p 115.20p 115.20p 1,576,018 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 72.5 91.9 15.3 7.6 723.52

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Date Time Title Posts
22/2/201808:48PHP with charts713
06/12/201718:42Hardman & Co INTERVIEW - Primary Health Properties2
17/11/201713:40Primary Health Properties-
23/9/200508:19Primary Health Properties345

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Primary Health Properties (PHP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-02-23 16:53:14116.80700817.60O
2018-02-23 16:53:02116.901,9942,330.99O
2018-02-23 16:38:49116.44201,092234,149.51O
2018-02-23 16:35:28116.80189,567221,414.26UT
2018-02-23 16:29:42117.00132154.44AT
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Primary Health Properties (PHP) Top Chat Posts

Primary Health Properties Daily Update: Primary Health Properties is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker PHP. The last closing price for Primary Health Properties was 116p.
Primary Health Properties has a 4 week average price of 110p and a 12 week average price of 110p.
The 1 year high share price is 123.50p while the 1 year low share price is currently 105.75p.
There are currently 619,448,578 shares in issue and the average daily traded volume is 907,015 shares. The market capitalisation of Primary Health Properties is £723,515,939.10.
stupidboypike: A quick look at the financials comparing PHP to Assura (which I hold) looks like:- PHP NAV per share 83.5 share price 113.6 premium 36% Assura NAV per share 49.4 share price 60.9 premium 23% What am I missing please someone? Best regards SBP
norland1: These shares became ex-div today. The share price has in fact gone down over past few days. I would have thought that with divi to come they would have gone up slightly. Can anyone explain this to me?. Is it just market forces. My other reit has gone up nicely with no ex div date imminent.
speedsgh: Don't get me wrong. Boring is beautiful in my book. Quite happy with the income & the odd %age move in the share price now & again.
bernardhy: The share price drop has led me to look into the accounts. Income is growing. The damage has been done to profits by property revaluation and finance costs. It seems that the Apollo purchase has been a problem. Hopefully it will turn out ok in the long run. More worrying are the profits after financing costs. Surely this is just the normal business of PHP. My questions are: why have the 2012 figures at this stage of the accounts deteriorated so much and why will they recover? I'm no accountant and mostly take into consideration other factors. However looking at the company report the figures in the accounts do look at odds with the cheery tones of the commentary.
goliard: I agree with all of that. I do however think that as rates rise the attractiveness of this yield will reduce and the share price will also move lower. Perfectly good to hold for now, but personally I wouldn't be a buyer and would look to exit in the medium term if I were.
beardmore: A poorly-handled fund raising. The share price since March (when word about the prospective share issue evidently became known) has slid and now is below the recent offer price. Meanwhile, we're left with an uncovered dividend and the hope that Harry Hyman will spend the new capital wisely enough to secure the premium to NAV and cover the dividend. As a shareholder I'll wait but wonder whether the gilt is off the gingerbread.
eburne1960: Same here, I loaded up on the excess application. I rather think the share price will do nothing/gently fall in the short term as all the new stock gets digested, but it has always been a long term play so probably best not to focus too much on day to day movements!
mctmct: Daily Telegraph, 6 March Primary Health Properties 338¼p -3¾p Questor says Buy Primary Health Properties (PHP) has an unbroken 15-year record of dividend increases. That's why the shares are ideal for income seekers. PHP is a fully-listed real estate investment trust (REIT), which builds and manages doctors' surgeries and pharmacies on long-term contracts. It currently has 156 completed properties and has a further five it is committed to acquire. The total portfolio, including properties it is committed to buy, increased by 7pc over the year to £539.7m, when the £10.6m rise from a revaluation is factored in. The rents from these assets provide financing to grow the portfolio and a dividend to investors. Because of the long-term nature of the leases, revenue streams are visible for many years to come and its portfolio is 100pc let. The company's recent full-year update revealed a net asset value per share of 318.7p. Rental and related income increased by £3.8m to £30.7m. The average increase of 3pc on rent reviews completed in the year, combined with acquisitions and commitments, increased the annualised rent roll to £32.3m. The prospective dividend yield in 2012 is 5.4pc, rising to 5.5pc next year. The final dividend is 9.25p, which brought the total payment for the year to 18p. The payment will be made on April 5 and the shares trade without this the right to the dividend from March 7. Earlier in the year, PHP completed a small share issue. Some 5.3m shares were issued in April at 305p, a 2.5pc discount to the price PHP was trading at at the time. The dilution which this caused has been recovered over the year as the share price has increased. The company has £300m of debt, which it has secured or agreed terms to refinance for an average term of 4.6 years, which should ease concerns some investors had on this front. However, in its annual report on Monday PHP conceded that as the funding markets see credit availability decrease, the refinancing has been at higher margins. Last tipped at 304p on November 22 last year, the shares remain a buy for income seekers.
jimbo3352: Perhaps a recovery in the share price will come when the June property revaluation goes through. The interim guidance seemed to indicate that net asset value would increase with lower yields. Seems a nice steady share to hold for dividend yield and some capital appreciation in due course.
old crow: MakingHeaps, you will on this one and i like the security. As in mentioned before am in PHP for the div, bought in at 280p and 282p should there be any falls will increase holding. Primary Health Properties buys Sinclair Montrose Properties 08:54 | 08.02.10 By Deirdre Hipwell Primary Health Investment Properties, a subsidiary of Harry Hyman's Primary Health Properties (PHP) has bought Sinclair Montrose Properties for a total, including costs, of £24.2m. Sinclair Montrose Properties is a wholly owned subsidiary of healthcare real estate developer and investor CareCapital Group and owns a UK-wide portfolio of 14 medical centres. Hymans' PHP is one of the UK's largest providers of modern, purpose built primary healthcare facilities. The purchase price of Sinclair Montrose Properties is £23.5m which also includes repayment of debt secured on the portfolio, which is payable in cash on completion. The costs of £24.2m are being financed from PHP's existing cash facilities. The properties are located at Chafford Hundred, Edinburgh, Wingate, Watlington, Burnley, Ipswich, Leamington Spa, Chalford, Southampton, Lydney, Hinckley, Hornchurch, Consett and Darlington. The total rent roll including outstanding rent reviews is approximately £1.5m a year. All fourteen investments are fully let for occupation by General Practitioners, Primary Care Trusts, NHS bodies and Pharmacy Operators with an average weighted unexpired lease term of 17.8 years. In addition, PHP said that a number of the properties have surplus land available for future gains through active asset management. As part of the deal PHP has the right of first refusal on all primary care property developments brought forward by CareCapital Group for a period of three years from completion. There are seven existing identified projects at various stages of negotiation. Harry Hyman, managing director of PHP said: "This is a significant acquisition for PHP, and is the second largest portfolio we have acquired. The fourteen properties will boost our portfolio in gross asset terms and demonstrates our commitment to the strategy of enlarging our asset base rapidly through a series of targeted acquisitions." PHP was the top-performing listed property company in the "noughties". Data produced for Property Week by Nomura show that the owner of doctors' surgeries, including in Port Talbot, south Wales, produced a 350% return - comprising dividends plus movement in share price over the decade
Primary Health Properties share price data is direct from the London Stock Exchange
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