Primary Health Properties (LON:PHP) Sets New 12-Month Low – Here’s Why

Primary Health Properties Plc (LON:PHP)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 85.40 ($1.04) and last traded at GBX 86.10 ($1.05), with a volume of 1961645 shares traded. The stock had previously closed at GBX 88.50 ($1.08).

Analysts Set New Price Targets

PHP has been the subject of several research analyst reports. Shore Capital restated a “buy” rating on shares of Primary Health Properties in a report on Wednesday, October 16th. Berenberg Bank increased their target price on Primary Health Properties from GBX 103 ($1.26) to GBX 110 ($1.34) and gave the company a “buy” rating in a research report on Wednesday, September 18th.

Primary Health Properties Price Performance

The company has a current ratio of 0.48, a quick ratio of 0.62 and a debt-to-equity ratio of 96.98. The firm’s 50-day moving average price is GBX 93.18 and its 200-day moving average price is GBX 95.52. The stock has a market capitalization of £1.16 billion, a PE ratio of -8,630.00, a PEG ratio of 5.64 and a beta of 0.41.

Primary Health Properties Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 9th will be given a dividend of GBX 1.78 ($0.02) per share. The ex-dividend date of this dividend is Thursday, January 9th. This is an increase from Primary Health Properties’s previous dividend of $1.73. This represents a yield of 1.9%. Primary Health Properties’s dividend payout ratio is -70,000.00%.

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.