Primary Health Properties Plc (LON:PHP – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 95.32 ($1.20) and traded as low as GBX 92.50 ($1.17). Primary Health Properties shares last traded at GBX 93.75 ($1.18), with a volume of 3,286,774 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 103 ($1.30) price target on shares of Primary Health Properties in a research note on Friday, February 9th. JPMorgan Chase & Co. assumed coverage on Primary Health Properties in a research note on Friday, March 1st. They set a “neutral” rating and a GBX 105 ($1.33) price target on the stock.
Get Our Latest Research Report on PHP
Primary Health Properties Stock Down 1.3 %
Primary Health Properties Announces Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, March 28th will be issued a dividend of GBX 1.73 ($0.02) per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 1.86%. Primary Health Properties’s dividend payout ratio is presently 35,000.00%.
Insider Buying and Selling
In related news, insider Bandhana Rawal purchased 27,549 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average cost of GBX 90 ($1.14) per share, with a total value of £24,794.10 ($31,333.38). 2.59% of the stock is currently owned by insiders.
About Primary Health Properties
Primary Health Properties (PHP) is the leading investor in modern healthcare properties in the UK & Ireland. PHP is a UK based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.
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