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Primary Health Properties (LON:PHP) Reaches New 52-Week Low - Here's Why

Primary Health Properties logo with Real Estate background

Shares of Primary Health Properties Plc (LON:PHP - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as GBX 85.40 ($1.05) and last traded at GBX 86.10 ($1.06), with a volume of 1961645 shares trading hands. The stock had previously closed at GBX 88.50 ($1.09).

Analyst Ratings Changes

PHP has been the topic of a number of research analyst reports. Shore Capital reaffirmed a "buy" rating on shares of Primary Health Properties in a report on Wednesday, October 16th. Berenberg Bank boosted their price objective on Primary Health Properties from GBX 103 ($1.27) to GBX 110 ($1.35) and gave the stock a "buy" rating in a report on Wednesday, September 18th.

Read Our Latest Stock Analysis on PHP

Primary Health Properties Stock Down 1.0 %

The business's 50-day moving average price is GBX 93.36 and its 200-day moving average price is GBX 95.55. The firm has a market capitalization of £1.17 billion, a PE ratio of -8,765.00, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The company has a quick ratio of 0.62, a current ratio of 0.48 and a debt-to-equity ratio of 96.98.

Primary Health Properties Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 9th will be paid a GBX 1.78 ($0.02) dividend. The ex-dividend date is Thursday, January 9th. This is an increase from Primary Health Properties's previous dividend of $1.73. This represents a dividend yield of 1.9%. Primary Health Properties's dividend payout ratio is -70,000.00%.

About Primary Health Properties

(Get Free Report)

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP's, government healthcare bodies, pharmacies and other providers of related healthcare services.

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