Primary Health Properties Plc Plans Dividend of GBX 1.73 (LON:PHP)

Primary Health Properties Plc (LON:PHP) announced a dividend on Thursday, June 27th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 4th will be given a dividend of GBX 1.73 ($0.02) per share by the real estate investment trust on Friday, August 16th. This represents a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, July 4th. The official announcement can be viewed at this link.

Primary Health Properties Stock Up 1.1 %

Shares of PHP opened at GBX 91.39 ($1.16) on Friday. Primary Health Properties has a 1 year low of GBX 84.20 ($1.07) and a 1 year high of GBX 109 ($1.38). The company has a debt-to-equity ratio of 93.62, a current ratio of 0.56 and a quick ratio of 0.62. The stock has a 50 day simple moving average of GBX 93.09 and a two-hundred day simple moving average of GBX 94.57. The firm has a market cap of £1.22 billion, a P/E ratio of 4,570.35, a P/E/G ratio of 5.64 and a beta of 0.34.

Insiders Place Their Bets

In other news, insider Harry Abraham Hyman acquired 74,890 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was acquired at an average price of GBX 92 ($1.17) per share, for a total transaction of £68,898.80 ($87,401.75). In other news, insider Richard Howell acquired 21,633 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were bought at an average cost of GBX 92 ($1.17) per share, with a total value of £19,902.36 ($25,247.19). Also, insider Harry Abraham Hyman purchased 74,890 shares of Primary Health Properties stock in a transaction that occurred on Friday, April 5th. The shares were purchased at an average cost of GBX 92 ($1.17) per share, with a total value of £68,898.80 ($87,401.75). Company insiders own 2.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. assumed coverage on shares of Primary Health Properties in a report on Friday, March 1st. They issued a “neutral” rating and a GBX 105 ($1.33) target price on the stock.

Primary Health Properties Company Profile

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.