Primary Health Properties (PHP)

Sector:

Property Investment Trusts

Index:

FTSE 250

156.80p
   
  • Change Today:
    -0.60p
  • 52 Week High: 163.20p
  • 52 Week Low: 138.80p
  • Currency: UK Pounds
  • Shares Issued: 1,330.22m
  • Volume: 8,446,034
  • Market Cap: £2,085.78m
  • RiskGrade: 84

Primary Health Properties rent collection remains 'robust' YTD

By Iain Gilbert

Date: Wednesday 12 May 2021

LONDON (ShareCast) - (Sharecast News) - Healthcare facilities investor Primary Health Properties said on Wednesday that rental collection had remained "robust" year-to-date.
Primary Health stated rental income from its existing portfolio had continued to grow, with 91 rent reviews taking place during the three months ended 31 March, resulting in a further £500,000 in rent per annum.

The FTSE 250-listed group also added that rent collection had been strong thus far in the second quarter, with over 99% of quarterly revenue being received as of 30 April.

PHP also added that during the quarter, it had made "good progress" and increased its number of live projects to four, with an estimated capital value of roughly £21.0m, up from just two projects valued at £10.0m in early January. The company expects to be on-site with two of the projects by early 2022.

As far as the rest of the year was concerned, PHP stated that three of its developments in South Wales, Surrey, and East Sussex were all due to reach practical completion in the second quarter, with an additional two developments due to reach completion in the first quarter of 2022.

Chief executive Harry Hyman said: "The Covid-19 pandemic has highlighted the strength and attractiveness of the primary care sector and, with our active pipeline of both short and medium-term development and acquisition opportunities, the board remains confident that PHP is strongly placed to execute its strategy."

As of 1015 BST, PHP shares were up 1.02% at 148.30p.

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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 156.80p
Change Today -0.60p
% Change -0.38 %
52 Week High 163.20p
52 Week Low 138.80p
Volume 8,446,034
Shares Issued 1,330.22m
Market Cap £2,085.78m
RiskGrade 84

PHP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.18% below the market average72.18% below the market average72.18% below the market average72.18% below the market average72.18% 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
32.87% below the market average32.87% below the market average32.87% below the market average32.87% below the market average32.87% below the market average
13.51% below the sector average13.51% below the sector average13.51% below the sector average13.51% below the sector average13.51% below the sector average
Income
70.54% above the market average70.54% above the market average70.54% above the market average70.54% above the market average70.54% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
55.80% above the market average55.80% above the market average55.80% above the market average55.80% above the market average55.80% 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 18-Jun-2021

Time Volume / Share Price
17:05 10,813 @ 156.80p
16:57 3,209 @ 156.80p
16:50 169,149 @ 156.80p
16:48 146,633 @ 156.80p
16:48 10,925 @ 156.80p

PHP Key Personnel

CEO Harry Abraham Hyman
CFO Richard Howell

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