Primary Health Properties (LON:PHP) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Primary Health Properties Plc (LON:PHP) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 95.60 ($1.20) and traded as low as GBX 90.15 ($1.13). Primary Health Properties shares last traded at GBX 90.67 ($1.14), with a volume of 8,596,090 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on PHP. Berenberg Bank increased their price target on shares of Primary Health Properties from GBX 103 ($1.29) to GBX 110 ($1.38) and gave the stock a “buy” rating in a report on Wednesday, September 18th. Shore Capital reissued a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, October 16th.

Primary Health Properties Price Performance

The firm has a fifty day moving average price of GBX 94.99 and a two-hundred day moving average price of GBX 95.59. The company has a quick ratio of 0.62, a current ratio of 0.48 and a debt-to-equity ratio of 96.98. The stock has a market capitalization of £1.23 billion, a P/E ratio of -9,155.00, a P/E/G ratio of 5.64 and a beta of 0.41.

Primary Health Properties Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 10th were given a dividend of GBX 1.73 ($0.02) per share. This represents a dividend yield of 1.71%. The ex-dividend date was Thursday, October 10th. Primary Health Properties’s payout ratio is currently -70,000.00%.

About Primary Health Properties

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.