Primary Health Properties (LON:PHP) Sets New 12-Month Low at $128.60

Primary Health Properties PLC (LON:PHPGet Rating) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 128.60 ($1.55) and last traded at GBX 129.60 ($1.57), with a volume of 551532 shares trading hands. The stock had previously closed at GBX 130.30 ($1.57).

Analyst Ratings Changes

A number of analysts have recently issued reports on PHP shares. Barclays lowered their price objective on Primary Health Properties from GBX 160 ($1.93) to GBX 140 ($1.69) and set an “overweight” rating on the stock in a research report on Monday, July 4th. Berenberg Bank lowered their price objective on Primary Health Properties from GBX 170 ($2.05) to GBX 165 ($1.99) and set a “hold” rating on the stock in a research report on Wednesday, August 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 166.20 ($2.01).

Primary Health Properties Trading Down 0.5 %

The company has a 50 day moving average of GBX 140.88 and a 200 day moving average of GBX 142.87. The company has a current ratio of 0.96, a quick ratio of 0.62 and a debt-to-equity ratio of 84.47. The firm has a market cap of £1.73 billion and a price-to-earnings ratio of 1,085.83.

Primary Health Properties Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, August 19th. Investors of record on Thursday, July 7th were paid a GBX 1.63 ($0.02) dividend. This represents a yield of 1.17%. The ex-dividend date was Thursday, July 7th. Primary Health Properties’s dividend payout ratio is 66.46%.

About Primary Health Properties

(Get Rating)

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.

Further Reading

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