Primary Health Properties (LON:PHP) Stock Passes Above 200-Day Moving Average – Here’s Why

Primary Health Properties Plc (LON:PHP) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 94.72 ($1.23) and traded as high as GBX 97.20 ($1.26). Primary Health Properties shares last traded at GBX 95.51 ($1.24), with a volume of 65,178,777 shares trading hands.

Analysts Set New Price Targets

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

Primary Health Properties Stock Up 0.5 %

The company has a quick ratio of 0.62, a current ratio of 0.50 and a debt-to-equity ratio of 96.73. The stock has a market capitalization of £1.28 billion, a P/E ratio of -149.07, a PEG ratio of 5.64 and a beta of 0.41. The company has a fifty day moving average price of GBX 91.70 and a 200-day moving average price of GBX 94.71.

Primary Health Properties (LON:PHP) last released its quarterly earnings data 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 return on equity of 0.61% and a negative net margin of 4.84%. As a group, research analysts forecast that Primary Health Properties Plc will post 7.0875912 EPS for the current fiscal year.

Primary Health Properties Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, March 27th will be given a dividend of GBX 1.78 ($0.02) per share. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, March 27th. Primary Health Properties’s dividend payout ratio is -1,092.68%.

Insider Activity at Primary Health Properties

In other Primary Health Properties news, insider Harry Abraham Hyman acquired 3,808 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of GBX 93 ($1.21) per share, for a total transaction of £3,541.44 ($4,592.12). 2.81% of the stock is owned by 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.