Jefferies Financial Group reiterated their buy rating on shares of Primary Health Properties (LON:PHP - Free Report) in a report issued on Monday,Digital Look reports. The firm currently has a GBX 105 ($1.35) price objective on the real estate investment trust's stock.
Primary Health Properties Stock Up 0.7 %
LON:PHP traded up GBX 0.60 ($0.01) during trading hours on Monday, hitting GBX 90.50 ($1.17). 150,760,422 shares of the company's stock traded hands, compared to its average volume of 8,869,657. Primary Health Properties has a twelve month low of GBX 85.40 ($1.10) and a twelve month high of GBX 105.50 ($1.36). The firm has a market cap of £1.21 billion, a P/E ratio of -141.27, a P/E/G ratio of 5.64 and a beta of 0.41. The company has a debt-to-equity ratio of 96.73, a quick ratio of 0.62 and a current ratio of 0.50. The stock's fifty day moving average price is GBX 91.20 and its two-hundred day moving average price is GBX 94.88.
Primary Health Properties (LON:PHP - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The real estate investment trust reported GBX 7 ($0.09) earnings per share (EPS) for the quarter. Primary Health Properties had a negative return on equity of 0.61% and a negative net margin of 4.84%. On average, research analysts expect that Primary Health Properties will post 7.0875912 earnings per share for the current fiscal year.
Primary Health Properties Increases Dividend
The company also recently declared a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 9th were issued a dividend of GBX 1.78 ($0.02) per share. This represents a yield of 1.9%. This is a boost from Primary Health Properties's previous dividend of $1.73. The ex-dividend date of this dividend was Thursday, January 9th. Primary Health Properties's dividend payout ratio is -1,092.68%.
Insider Activity at Primary Health Properties
In other Primary Health Properties news, insider Harry Abraham Hyman purchased 3,808 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of GBX 93 ($1.20) per share, with a total value of £3,541.44 ($4,563.71). 2.81% of the stock is owned by corporate insiders.
About Primary Health Properties
(
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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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