Primary Health Properties (LON:PHP) Share Price Crosses Below Two Hundred Day Moving Average of $95.32

Primary Health Properties Plc (LON:PHP)’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.

Primary Health Properties Stock Down 1.3 %

The firm has a 50 day simple moving average of GBX 92.61 and a two-hundred day simple moving average of GBX 95.32. The company has a market capitalization of £1.26 billion, a PE ratio of 4,687.50, a P/E/G ratio of 5.64 and a beta of 0.34. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 93.62.

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.