Primary Health Properties (PHP)

Sector:

Property Investment Trusts

Index:

FTSE 250

156.30p
   
  • Change Today:
    -0.70p
  • 52 Week High: 158.00
  • 52 Week Low: 138.80
  • Currency: UK Pounds
  • Shares Issued: 1,330.22m
  • Volume: 3,471,005
  • Market Cap: £2,079.13m
  • RiskGrade: 84

Primary Health Properties acquires Dublin care centre

By Josh White

Date: Tuesday 02 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Healthcare facilities investor Primary Health Properties has acquired a modern, purpose-built primary care centre in Shankill, County Dublin, Ireland, it announced on Tuesday, for €3.8m (£3.29m).
The FTSE 250 company said the property was developed in 2019, and was leased to the Health Service Executive - the Republic of Ireland's equivalent to the UK NHS - and a local GP practice.

It has a weighted average unexpired lease term of just under 23 years, which the firm said was accretive to the portfolio's weighted average unexpired lease term.

The HSE income represented 92% of the rent roll, being Irish government-backed income.

Primary Health Properties said the primary care centre was the key centre within its locality, with the HSE delivering core primary care outpatient services including nursing, speech and language therapy, physiotherapy, occupational therapy, a social worker, clinical psychology, GPs and administrative staff.

The board said the acquisition would increase the company's portfolio to a total of 514 assets, of which 19 were in Ireland, with a contracted rent roll of more than £135m.

"We are delighted to have acquired this modern purpose-built primary care centre, further increasing the group's footprint in Ireland in line with our stated strategy," said managing director Harry Hyman.

"The suite of services the centre provides to the local community is exemplary of the important role primary care has to play in the provision of health services outside of hospitals, which are under unprecedented strain in the wake of Covid-19.

"We have a strong pipeline of opportunities in the UK and Ireland and are well positioned to continue to grow our portfolio and to support the healthcare systems in these markets through the provision of modern, primary care infrastructure."

At 0931 GMT, shares in Primary Health Properties were up 0.75% at 155.15p.

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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 156.30p
Change Today -0.70p
% Change -0.45 %
52 Week High 158.00
52 Week Low 138.80
Volume 3,471,005
Shares Issued 1,330.22m
Market Cap £2,079.13m
RiskGrade 84

PHP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.74% below the market average73.74% below the market average73.74% below the market average73.74% below the market average73.74% below the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Price Trend
28.75% below the market average28.75% below the market average28.75% below the market average28.75% below the market average28.75% below the market average
27.78% below the sector average27.78% below the sector average27.78% below the sector average27.78% below the sector average27.78% below the sector average
Income
67.28% above the market average67.28% above the market average67.28% above the market average67.28% above the market average67.28% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
55.96% above the market average55.96% above the market average55.96% above the market average55.96% above the market average55.96% above the market average
37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 6
strong_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
  Q2 Q1
Ex-Div 01-Apr-21 14-Jan-21
Paid 21-May-21 26-Feb-21
Amount 1.55p 1.55p

Trades for 23-Jun-2021

Time Volume / Share Price
16:35 938,696 @ 156.30p
16:29 429 @ 156.20p
16:29 225 @ 156.20p
16:29 2,414 @ 156.30p
16:29 86 @ 156.30p

PHP Key Personnel

CEO Harry Abraham Hyman
CFO Richard Howell

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