Primary Health Properties Plc (LON:PHP) Announces Dividend of GBX 1.73

Primary Health Properties Plc (LON:PHP) declared a dividend on Thursday, June 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 4th will be given a dividend of GBX 1.73 ($0.02) per share by the real estate investment trust on Friday, August 16th. This represents a yield of 1.91%. The ex-dividend date is Thursday, July 4th. The official announcement can be seen at this link.

Primary Health Properties Trading Down 0.2 %

PHP traded down GBX 0.15 ($0.00) during mid-day trading on Thursday, hitting GBX 90.40 ($1.15). The stock had a trading volume of 1,848,244 shares, compared to its average volume of 3,120,721. The stock’s fifty day simple moving average is GBX 93.09 and its 200-day simple moving average is GBX 94.57. The firm has a market capitalization of £1.21 billion, a price-to-earnings ratio of 4,519.65, a price-to-earnings-growth ratio of 5.64 and a beta of 0.34. Primary Health Properties has a 1-year low of GBX 84.20 ($1.07) and a 1-year high of GBX 109 ($1.38). The company has a debt-to-equity ratio of 93.62, a current ratio of 0.56 and a quick ratio of 0.62.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. initiated coverage on Primary Health Properties in a report on Friday, March 1st. They set a “neutral” rating and a GBX 105 ($1.33) target price on the stock.

Insider Transactions at Primary Health Properties

In other news, insider Richard Howell acquired 21,633 shares of the stock in a transaction on Wednesday, April 3rd. The shares were purchased at an average price of GBX 92 ($1.17) per share, for a total transaction of £19,902.36 ($25,247.19). In related news, insider Harry Abraham Hyman purchased 74,890 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was acquired at an average cost of GBX 92 ($1.17) per share, for a total transaction of £68,898.80 ($87,401.75). Also, insider Richard Howell acquired 21,633 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was bought at an average cost of GBX 92 ($1.17) per share, with a total value of £19,902.36 ($25,247.19). Corporate insiders own 2.59% of the company’s stock.

Primary Health Properties Company Profile

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.