Primary Health Properties PLC (LON:PHP) declared a dividend on Thursday, October 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, October 8th will be given a dividend of GBX 1.48 ($0.02) per share by the real estate investment trust on Friday, November 20th. This represents a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 8th. The official announcement can be seen at this link.
Shares of PHP stock traded up GBX 0.40 ($0.01) during trading on Thursday, reaching GBX 148.40 ($1.94). 2,608,335 shares of the company’s stock were exchanged, compared to its average volume of 3,430,327. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 104.24. The stock has a market capitalization of $1.95 billion and a PE ratio of 24.33. Primary Health Properties has a twelve month low of GBX 120.40 ($1.57) and a twelve month high of GBX 167.60 ($2.19). The firm’s fifty day moving average price is GBX 150.71 and its 200-day moving average price is GBX 152.46.
A number of research analysts recently weighed in on the company. Berenberg Bank lowered Primary Health Properties to a “hold” rating and boosted their target price for the stock from GBX 150 ($1.96) to GBX 155 ($2.03) in a report on Tuesday, July 14th. Liberum Capital reaffirmed a “buy” rating on shares of Primary Health Properties in a report on Wednesday, July 29th. Finally, Peel Hunt reaffirmed an “add” rating on shares of Primary Health Properties in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 170.67 ($2.23).
Primary Health Properties PLC (PHP) is a UK Real Estate Investment Trust (REIT) and the leading investor in modern primary healthcare premises. The objective of the Group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Ireland let on long term leases backed by a secure underlying covenant funded mostly by government bodies.
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