Primary Health Properties (LON:PHP) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Primary Health Properties Plc (LON:PHP)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 94.50 ($1.22) and traded as high as GBX 94.60 ($1.22). Primary Health Properties shares last traded at GBX 93.85 ($1.21), with a volume of 4,083,113 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 105 ($1.36) target price on shares of Primary Health Properties in a report on Monday, March 3rd.

Primary Health Properties Price Performance

The firm has a 50-day simple moving average of GBX 92.88 and a 200-day simple moving average of GBX 94.50. The firm has a market cap of £1.26 billion, a P/E ratio of -146.50, a PEG ratio of 5.64 and a beta of 0.41. The company has a current ratio of 0.50, a quick ratio of 0.62 and a debt-to-equity ratio of 96.73.

Primary Health Properties (LON:PHP) last issued its quarterly earnings data on Friday, February 28th. The real estate investment trust reported GBX 7 ($0.09) earnings per share for the quarter. Primary Health Properties had a negative return on equity of 0.61% and a negative net margin of 4.84%. As a group, analysts forecast that Primary Health Properties Plc will post 7.0875912 EPS for the current year.

Primary Health Properties Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, March 27th will be given a GBX 1.78 ($0.02) dividend. This represents a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 27th. Primary Health Properties’s payout ratio is currently -1,092.68%.

Insider Buying and Selling

In other Primary Health Properties news, insider Harry Abraham Hyman acquired 25,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of GBX 92 ($1.19) per share, for a total transaction of £23,000 ($29,734.97). 2.81% of the stock is currently owned by company insiders.

Primary Health Properties Company Profile

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.