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Primary Health Properties (LON:PHP) Shares Cross 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) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 95.77 ($1.22) and traded as low as GBX 92.90 ($1.18). Primary Health Properties shares last traded at GBX 93.15 ($1.18), with a volume of 2,823,777 shares traded.

Analyst Ratings Changes

Several research analysts have commented on the stock. Berenberg Bank upped their price objective on shares of Primary Health Properties from GBX 103 ($1.31) to GBX 110 ($1.40) and gave the stock a "buy" rating in a report on Wednesday, September 18th. Shore Capital restated a "buy" rating on shares of Primary Health Properties in a report on Wednesday, October 16th.

Read Our Latest Research Report on PHP

Primary Health Properties Stock Up 0.8 %

The stock's 50-day moving average price is GBX 98.27 and its two-hundred day moving average price is GBX 95.77. The stock has a market capitalization of £1.26 billion, a PE ratio of -9,385.00, a P/E/G ratio of 5.64 and a beta of 0.41. The company has a debt-to-equity ratio of 96.98, a quick ratio of 0.62 and a current ratio of 0.48.

Primary Health Properties Dividend Announcement

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