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Primary Health Properties (LON:PHP) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Primary Health Properties logo with Real Estate background

Primary Health Properties Plc (LON:PHP - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 95.63 ($1.24) and traded as high as GBX 96 ($1.25). Primary Health Properties shares last traded at GBX 95.30 ($1.24), with a volume of 2,191,679 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on PHP. Berenberg Bank lifted their target price on shares of Primary Health Properties from GBX 103 ($1.34) to GBX 110 ($1.43) and gave the stock a "buy" rating in a research report on Wednesday, September 18th. Shore Capital reaffirmed a "buy" rating on shares of Primary Health Properties in a research note on Wednesday, October 16th.

View Our Latest Stock Report on PHP

Primary Health Properties Stock Performance

The business has a 50 day moving average price of GBX 98.94 and a 200 day moving average price of GBX 95.63. 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 stock has a market capitalization of £1.28 billion, a PE ratio of -9,530.00, a PEG ratio of 5.64 and a beta of 0.41.

Primary Health Properties Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th will be given a GBX 1.73 ($0.02) dividend. This represents a yield of 1.71%. The ex-dividend date of this dividend is Thursday, October 10th. Primary Health Properties's dividend payout ratio (DPR) is -70,000.00%.

About Primary Health Properties

(Get Free Report)

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.

Further Reading

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