Primary Health Properties (LON:PHP) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Primary Health Properties Plc (LON:PHP)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 95.53 ($1.20) and traded as low as GBX 91.60 ($1.15). Primary Health Properties shares last traded at GBX 92.20 ($1.16), with a volume of 1,431,791 shares trading hands.

Analyst Ratings Changes

PHP has been the subject of several analyst reports. Shore Capital restated a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, October 16th. Berenberg Bank raised their price objective on shares of Primary Health Properties from GBX 103 ($1.30) to GBX 110 ($1.38) and gave the company a “buy” rating in a research report on Wednesday, September 18th.

Primary Health Properties Stock Down 0.3 %

The company has a market cap of £1.24 billion, a PE ratio of -9,220.00, a P/E/G ratio of 5.64 and a beta of 0.41. The stock has a 50-day moving average of GBX 94.39 and a 200-day moving average of GBX 95.53. The company has a quick ratio of 0.62, a current ratio of 0.48 and a debt-to-equity ratio of 96.98.

Primary Health Properties Dividend Announcement

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. The ex-dividend date was Thursday, October 10th. This represents a dividend yield of 1.71%. Primary Health Properties’s dividend payout ratio (DPR) is presently -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.