Primary Health Properties Share Price (PHP)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Primary Health Properties Plc	LSE:PHP	London	Ordinary Share	GB00BYRJ5J14	ORD 12.5P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.10	0.07%	149.30	1,326,700	12:47:26

Bid Price		Offer Price	High Price	Low Price	Open Price
149.20		149.40	150.30	148.70	149.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate Investment Trusts	139.00	112.40	8.80	17.0	1,983

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
12:53:13	O	119	149.3354	GBX

Related Shares
Segro (SGRO), Land Securities (LAND), One Heritage (OHG), Kcr Residential Reit (KCR)

Primary Health Properties (PHP) Latest News

Primary Health Properties News

Date	Time	Source	Headline
13/4/2021	10:19	UKREG	Primary Health Properties PLC Notice of AGM
12/4/2021	12:07	UKREG	Primary Health Properties PLC Scrip dividend reference price
08/4/2021	11:07	UKREG	Primary Health Properties PLC Holding(s) in Company
07/4/2021	16:30	UKREG	Primary Health Properties PLC Director/PDMR Shareholding
07/4/2021	13:09	UKREG	Primary Health Properties PLC Holding(s) in Company
31/3/2021	16:41	UKREG	Primary Health Properties PLC Holding(s) in Company
25/3/2021	07:00	UKREG	Primary Health Properties PLC Dividend Declaration
15/3/2021	14:00	UKREG	Primary Health Properties PLC Director/PDMR Shareholding
09/3/2021	09:45	UKREG	Primary Health Properties PLC Director/PDMR Shareholding
03/3/2021	11:26	UKREG	Primary Health Properties PLC Annual Financial Report

More Primary Health Properties News

Primary Health Properties Investors Primary Health Properties Takeover Rumours

Primary Health Properties (PHP) Share Charts 1 Year Primary Health Properties Chart
1 Month Primary Health Properties Chart	Intraday Primary Health Properties Chart

Primary Health Properties (PHP) Discussions and Chat

Primary Health Properties Forums and Chat

Date	Time	Title	Posts
01/4/2021	08:45	PHP with charts	969
17/11/2017	13:40	Primary Health Properties	-
23/9/2005	09:19	Primary Health Properties	345
29/4/2005	08:57	qw	-

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Primary Health Properties (PHP) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
11:53:14	149.34	119	177.71	O
11:51:03	149.26	447	667.21	O
11:48:47	149.34	6,989	10,437.05	O
11:47:26	149.30	1,014	1,513.90	AT
11:47:16	149.40	945	1,411.83	AT

View all Primary Health Properties trades in real-time

Primary Health Properties (PHP) Top Chat Posts

Date	Subject
15/4/2021 09:20	Primary Health Properties Daily Update: Primary Health Properties Plc 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 149.20p. Primary Health Properties Plc has a 4 week average price of 143.20p and a 12 week average price of 143.20p. The 1 year high share price is 166p while the 1 year low share price is currently 138.20p. There are currently 1,328,251,653 shares in issue and the average daily traded volume is 3,741,758 shares. The market capitalisation of Primary Health Properties Plc is £1,983,079,717.93. Read Full Thread Reply
19/2/2021 12:17	makinbuks: Hi 3800, apologies for the slow response. I know nothing more than what was in the announcement. In addition to the parts you have quoted, I specifically noted: "Rent reviews and asset management projects completed in the year added £2.0m or 1.6% (2019: £1.9m or 1.5%) to the contracted rent. However, we have seen a marginal reduction in the annualised rate of growth on rent reviews in 2020 at 1.8% (2019: 1.9%) and the outlook is becoming more muted for pharmacy rents as the consequences of the COVID-19 crisis become more apparent." Many years back, buoyed by the success of my investment in PHP I went into another stock, the name of which escapes me right now, but they were surgeries and pharmacies with the latter providing more excitement. They went bust. Not suggesting for a second that will happen here. I continue to hold a small amount of PHP Read Full Thread Follow Reply
18/2/2021 14:01	makinbuks: I was just a little concerned by the statement. The fact that the dividend in 2020 didn't compensate for the share price fall may be a feature for a few years to come as it trades so high above NAV. The rate of increase in rents slowed and there are problems with UK pharmacies. The dividend in 2020 was uncovered (just). I didn't like that virtually all KPI's were "adjusted" - I need to look at that more carefully. On the positive side, the pipeline looks strong, LTV was down and has plenty of headroom. I think the yield compression story has run its course. What comes next? Ether a prolonged period of stagnant share price or a big fall back to NAV as inflation takes off. Read Full Thread Follow Reply
18/2/2021 10:09	ygor705: These prelims should not go unnoticed. Very strong performance in my view with earnings now covering the dividend again, NAV per share progressing, rent roll secure out to 10 years and a healthy increase in the dividend. Always been a good share to hold and no reason to change that view on these numbers. Read Full Thread Follow Reply
11/12/2020 11:41	makinbuks: Thanks Perfect, yes Edison as similarly positive in a note today. Hasn't filtered into the share price yet. To be clear I think its a good deal well priced for PHP and the point Williamcooper makes is very valid Read Full Thread Follow Reply
10/12/2020 12:54	perfect choice: Thanks Makinbuks, understand the point now and yes brings PHP into the development cost overrun risk area now for example. But also looks a good improved return situation, be it with more risk on the development side, see PHP article on news today: H ttps://www.proactiveinvestors.co.uk/companies/news/936205/primary-health-properties-to-acquire-manager-in-33mln-deal-936205.html Read Full Thread Follow Reply
10/12/2020 12:53	makinbuks: I meant that Nexus take development risk and traditionally PHP come in at the point where the project is fully earnings ready. That was quite a sensible split and made PHP a pretty low risk vehicle attracting investors on that basis. A few might now reconsider that. Read Full Thread Follow Reply
10/12/2020 10:44	makinbuks: goliard, part from your final comment on which i hold no view, I completely agree. Indeed has Nexus ever done anything other than transact business for PHP? I have long believed we could have been much better off with the manager and developer in house and that Harry was effectively skimming off the top. However, PHP has been a very good share for me over the years so the fact it could have been even better is a minor irritation. Also I support this step although one word of caution: this changes the risk profile of PHP significantly Read Full Thread Follow Reply
10/12/2020 09:32	irenekent: The continuing short interest in PHP is an on-going worry. Will this acquisition make any difference to anybody but Harry Hyman? If this situation puts a rocket under the share price and dividend it will be justified. Otherwise there will be only one winner. Read Full Thread Follow Reply
10/12/2020 08:10	goliard: Nice for Harry Hyman who owns Nexus but a bit too cozy in my view. Why not terminate the Management Agreement instead and offer the relevant people jobs instead of buying the Management Company? It is basically Harry's way of retiring and getting out before CGT rates increase. Then what sort of nice salary and incentive package will he have in his new role as CEO of PHP I wonder? So PHP buys his business but then also pays him to run PHP? That is just like buying a property and then paying rent for it too. Maybe I will be proven wrong and he will work for £1 per year... or maybe not. Next step will be a merger with Assura. Read Full Thread Follow Reply
12/2/2020 12:47	mirandaj: Hargreaves Lansdown – comment in part: “It's been a transformational year for Primary Health Properties (PHP). The merger with rival MedicX has hugely increased PHP's size. That's created opportunities for cost savings, both in the cost of debt and operating costs. That should provide a long term shot in the arm for profits. As a REIT, PHP has to pay out the vast majority of profits as a dividend so benefits will ultimately feed through to investors' pockets. Looking to the future we think PHP has several features which underpin long, term income paying potential. Investment in out-of-hospital care, which includes the GP and community healthcare services which use PHP's properties, is set to run ahead of wider NHS spending. Meanwhile the increased interest in mega-surgeries which bring together multiple primary care services bodes well for PHP's purpose built properties. With 90% of the group's rent roll funded by the NHS or its Irish equivalent, we view the group's tenants as lower risk. An average lease length of 12.8 years should mean rental income is secure for years to come. There are some good reasons for caution too though. Loan-to-value is high by industry standards at 44.2% - and that means that, while neither look likely at the moment, an uptick in interest rates or widespread increases in rental arears would be painful. LTV could fall as the group invests in new assets at lower multiples, but that will take time. The very fact of the group's REIT structure also means investors are likely to be asked to fork out extra cash from time-to-time. Because REITs have to pay out most of their profits it's difficult for them to fund growth organically. That means they often sell shares to fund new acquisitions, potentially diluting existing shareholders. However, the biggest challenge facing investors in our opinion is a PE ratio of 26.6, which is well above the long term average. A high share price has also driven the yield down to 3.6%, below the market average, with only modest growth in the future. That means that although we continue to see PHP as potentially interesting for income seeking portfolios, investors will need to take a long term view, and be prepared for ups-and-downs along the way.” https://www.hl.co.uk/shares/shares-search-results/p/primary-health-properties-ordinary-shares/share-research Read Full Thread Follow Reply

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