Primary Health Properties Plc (LON:PHP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 94.11 ($1.24) and traded as high as GBX 95.15 ($1.25). Primary Health Properties shares last traded at GBX 92.70 ($1.22), with a volume of 6,063,104 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have commented on PHP shares. Shore Capital reaffirmed a "buy" rating on shares of Primary Health Properties in a research report on Thursday, April 10th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 105 ($1.38) target price on shares of Primary Health Properties in a report on Monday, March 3rd.
Read Our Latest Stock Analysis on Primary Health Properties
Primary Health Properties Stock Performance
The company has a fifty day moving average of GBX 93.71 and a two-hundred day moving average of GBX 94.07. The firm has a market capitalization of £1.32 billion, a price-to-earnings ratio of -153.06, a PEG 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.
Primary Health Properties (LON:PHP - Get Free Report) last posted its earnings results on Friday, February 28th. The real estate investment trust reported GBX 7 ($0.09) earnings per share for the quarter. Primary Health Properties had a negative return on equity of 0.61% and a negative net margin of 4.84%. As a group, equities research analysts predict that Primary Health Properties Plc will post 7.0875912 earnings per share for the current fiscal year.
Primary Health Properties Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, March 27th will be issued a GBX 1.78 ($0.02) dividend. This represents a yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 27th. Primary Health Properties's dividend payout ratio is currently -1,092.68%.
Insider Transactions at Primary Health Properties
In other news, insider Harry Abraham Hyman bought 25,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of GBX 92 ($1.21) per share, for a total transaction of £23,000 ($30,327.00). Insiders own 2.81% of the company's stock.
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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