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

Primary Health Properties Plc (LON:PHP) announced a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Stockholders 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 dividend yield of 1.85%. The ex-dividend date is Thursday, March 27th. The official announcement can be accessed at this link.

Primary Health Properties Trading Up 0.7 %

Shares of LON PHP traded up GBX 0.63 ($0.01) during midday trading on Tuesday, reaching GBX 95.88 ($1.24). 617,376 shares of the stock were exchanged, compared to its average volume of 7,792,843. 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 has a 12 month low of GBX 85.40 ($1.10) and a 12 month high of GBX 105.50 ($1.36). The business has a 50-day simple moving average of GBX 92.24 and a two-hundred day simple moving average of GBX 94.69. The company has a market capitalization of £1.29 billion, a price-to-earnings ratio of -149.67, a P/E/G ratio of 5.64 and a beta of 0.41.

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

Insider Activity at Primary Health Properties

In other news, insider Harry Abraham Hyman bought 25,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of GBX 92 ($1.19) per share, with a total value of £23,000 ($29,719.60). 2.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.