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Primary Health Properties (LON:PHP) Share Price Passes Below 200 Day Moving Average - Here's Why

Primary Health Properties logo with Real Estate background

Primary Health Properties Plc (LON:PHP - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 95.53 ($1.20) and traded as low as GBX 91.60 ($1.15). Primary Health Properties shares last traded at GBX 92.20 ($1.16), with a volume of 1,431,791 shares.

Analyst Ratings Changes

A number of research firms have commented on PHP. Shore Capital reissued a "buy" rating on shares of Primary Health Properties in a research report on Wednesday, October 16th. Berenberg Bank lifted their price objective on shares of Primary Health Properties from GBX 103 ($1.30) to GBX 110 ($1.38) and gave the company a "buy" rating in a report on Wednesday, September 18th.

View Our Latest Stock Report on Primary Health Properties

Primary Health Properties Stock Performance

The business has a 50-day moving average of GBX 94.39 and a two-hundred day moving average of GBX 95.53. The company has a debt-to-equity ratio of 96.98, a current ratio of 0.48 and a quick ratio of 0.62. The company has a market cap of £1.24 billion, a P/E ratio of -9,220.00, a P/E/G ratio of 5.64 and a beta of 0.41.

Primary Health Properties Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 10th were issued a GBX 1.73 ($0.02) dividend. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, October 10th. Primary Health Properties's dividend payout ratio is currently -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.

Further Reading

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