Primary Health Properties (LON:PHP) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Primary Health Properties Plc (LON:PHP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 95.47 ($1.24) and traded as high as GBX 100.10 ($1.30). Primary Health Properties shares last traded at GBX 95.35 ($1.24), with a volume of 8,278,395 shares trading hands.

Wall Street Analysts Forecast Growth

PHP has been the topic of several recent analyst reports. Berenberg Bank boosted their price target on Primary Health Properties from GBX 103 ($1.34) to GBX 110 ($1.43) and gave the company a “buy” rating in a research note on Wednesday, September 18th. Shore Capital reaffirmed a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, October 16th.

Primary Health Properties Trading Down 1.1 %

The company has a current ratio of 0.48, a quick ratio of 0.62 and a debt-to-equity ratio of 96.98. The firm has a market cap of £1.28 billion, a price-to-earnings ratio of -9,535.00, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The company has a 50 day moving average of GBX 99.21 and a 200 day moving average of GBX 95.47.

Primary Health Properties Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th will be paid a GBX 1.73 ($0.02) dividend. This represents a yield of 1.71%. The ex-dividend date is Thursday, October 10th. Primary Health Properties’s dividend payout ratio is currently -70,000.00%.

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.