Primary Health Properties Plc (LON:PHP) Declares Dividend of GBX 1.78

Primary Health Properties Plc (LON:PHP) declared a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 27th will be paid a dividend of GBX 1.78 ($0.02) per share by the real estate investment trust on Friday, May 9th. This represents a yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 27th. The official announcement can be viewed at this link.

Primary Health Properties Stock Performance

Shares of PHP stock opened at GBX 95.88 ($1.24) on Tuesday. The stock has a 50 day simple moving average of GBX 92.24 and a 200-day simple moving average of GBX 94.69. Primary Health Properties has a 12-month low of GBX 85.40 ($1.10) and a 12-month high of GBX 105.50 ($1.36). The company has a market cap of £1.29 billion, a price-to-earnings ratio of -149.67, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The company has a current ratio of 0.50, a quick ratio of 0.62 and a debt-to-equity ratio of 96.73.

Primary Health Properties (LON:PHP) last released its quarterly 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%. On average, equities analysts forecast that Primary Health Properties will post 7.0875912 EPS for the current year.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 105 ($1.36) price target on shares of Primary Health Properties in a research note on Monday, March 3rd.

Insider Buying and Selling

In other news, insider Harry Abraham Hyman acquired 3,808 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of GBX 93 ($1.20) per share, for a total transaction of £3,541.44 ($4,576.10). 2.81% of the stock is currently owned by company insiders.

Primary Health Properties Company Profile

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.