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

Primary Health Properties Plc (LON:PHP) announced a dividend on Thursday, October 3rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 10th will be paid a dividend of GBX 1.73 ($0.02) per share by the real estate investment trust on Friday, November 22nd. This represents a yield of 1.71%. The ex-dividend date is Thursday, October 10th. The official announcement can be seen at this link.

Primary Health Properties Trading Up 0.7 %

Shares of PHP opened at GBX 101.20 ($1.32) on Wednesday. The company has a debt-to-equity ratio of 96.98, a current ratio of 0.48 and a quick ratio of 0.62. Primary Health Properties has a 1 year low of GBX 84.20 ($1.10) and a 1 year high of GBX 109 ($1.43). The company has a 50 day simple moving average of GBX 98.13 and a two-hundred day simple moving average of GBX 94.91. The firm has a market cap of £1.36 billion, a P/E ratio of -10,050.00, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41.

Wall Street Analyst Weigh In

PHP has been the subject of a number of research analyst reports. Berenberg Bank increased their price objective on shares of Primary Health Properties from GBX 103 ($1.35) to GBX 110 ($1.44) and gave the company a “buy” rating in a report on Wednesday, September 18th. Shore Capital reissued a “buy” rating on shares of Primary Health Properties in a report on Wednesday, July 24th.

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.