Primary Health Properties (LON:PHP) Shares Cross Above 200 Day Moving Average of $93.37

Primary Health Properties Plc (LON:PHP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 93.37 ($1.23) and traded as high as GBX 100.50 ($1.32). Primary Health Properties shares last traded at GBX 99.85 ($1.31), with a volume of 3,067,134 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PHP shares. Berenberg Bank restated a "buy" rating and issued a GBX 103 ($1.35) target price on shares of Primary Health Properties in a research note on Monday, August 5th. Shore Capital restated a "buy" rating on shares of Primary Health Properties in a research note on Wednesday, July 24th.

Primary Health Properties Trading Down 0.2 %

The company has a quick ratio of 0.62, a current ratio of 0.48 and a debt-to-equity ratio of 96.98. The stock's 50 day moving average price is GBX 95.09 and its 200-day moving average price is GBX 93.37. The stock has a market capitalization of £1.34 billion, a P/E ratio of -9,985.00, a P/E/G ratio of 5.64 and a beta of 0.41.

Primary Health Properties Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, August 16th. Stockholders of record on Thursday, July 4th were paid a dividend of GBX 1.73 ($0.02) per share. The ex-dividend date was Thursday, July 4th. This represents a dividend yield of 1.91%. Primary Health Properties's dividend payout ratio is presently -70,000.00%.

About Primary Health Properties

Primary Health Properties (PHP) is the leading investor in modern healthcare properties in the UK & Ireland. PHP is a UK based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.