Primary Health Properties (LON:PHP) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Primary Health Properties Plc (LON:PHP)’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.

Primary Health Properties Trading Down 1.6 %

The company has a debt-to-equity ratio of 96.73, a current ratio of 0.50 and a quick ratio of 0.62. The company has a market cap of £1.28 billion, a PE ratio of -149.09, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The company’s 50 day simple moving average is GBX 91.57 and its two-hundred day simple moving average is GBX 94.72.

Primary Health Properties (LON:PHP) 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.