Primary Health Properties Plc (LON:PHP – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 94.72 ($1.23) and traded as high as GBX 97.20 ($1.26). Primary Health Properties shares last traded at GBX 95.51 ($1.24), with a volume of 65,178,777 shares traded.
Analyst Ratings Changes
Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 105 ($1.37) price objective on shares of Primary Health Properties in a research report on Monday, March 3rd.
Get Our Latest Stock Analysis on Primary Health Properties
Primary Health Properties Trading Down 1.6 %
Primary Health Properties (LON:PHP – Get Free Report) last announced its earnings results 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 net margin of 4.84% and a negative return on equity of 0.61%. As a group, sell-side analysts anticipate that Primary Health Properties Plc will post 7.0875912 EPS for the current fiscal year.
Primary Health Properties Dividend Announcement
The business also recently announced a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, March 27th will be paid a dividend of GBX 1.78 ($0.02) per share. This represents a yield of 1.85%. The ex-dividend date is Thursday, March 27th. Primary Health Properties’s dividend payout ratio (DPR) is presently -1,092.68%.
Insider Activity
In other Primary Health Properties news, insider Harry Abraham Hyman acquired 25,000 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of GBX 92 ($1.20) per share, with a total value of £23,000 ($29,901.20). Insiders own 2.81% of the company’s stock.
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.
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