Shares of Primary Health Properties Plc (LON:PHP - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 94.04 ($1.25) and traded as high as GBX 101.10 ($1.35). Primary Health Properties shares last traded at GBX 100.50 ($1.34), with a volume of 3,653,521 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 105 ($1.40) price objective on shares of Primary Health Properties in a research note on Monday, March 3rd. Shore Capital reaffirmed a "buy" rating on shares of Primary Health Properties in a research report on Thursday, April 10th.
Read Our Latest Stock Report on PHP
Primary Health Properties Stock Performance
The firm's fifty day moving average is GBX 95.65 and its 200 day moving average is GBX 94.02. The firm has a market capitalization of £1.39 billion, a price-to-earnings ratio of -161.05, a PEG ratio of 5.64 and a beta of 0.41. The company has a debt-to-equity ratio of 96.73, a current ratio of 0.50 and a quick ratio of 0.62.
Primary Health Properties (LON:PHP - Get Free Report) last issued its earnings results 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 net margin of 4.84% and a negative return on equity of 0.61%. On average, analysts predict that Primary Health Properties Plc will post 7.0875912 EPS for the current fiscal year.
Primary Health Properties Dividend Announcement
The company also recently announced a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, March 27th will be paid a GBX 1.78 ($0.02) dividend. The ex-dividend date is Thursday, March 27th. This represents a yield of 1.85%. Primary Health Properties's dividend payout ratio (DPR) is currently -1,092.68%.
Insiders Place Their Bets
In other Primary Health Properties news, insider Harry Abraham Hyman purchased 25,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of GBX 92 ($1.23) per share, for a total transaction of £23,000 ($30,646.24). 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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