Primary Health Properties (LON:PHP) Posts Earnings Results

Primary Health Properties (LON:PHP) posted its quarterly earnings results on Friday. The real estate investment trust reported GBX 7 ($0.09) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Primary Health Properties had a negative net margin of 4.84% and a negative return on equity of 0.61%.

Primary Health Properties Price Performance

LON:PHP traded up GBX 2.20 ($0.03) during trading hours on Friday, hitting GBX 94 ($1.18). The company’s stock had a trading volume of 10,727,745 shares, compared to its average volume of 6,035,760. 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 capitalization of £1.26 billion, a P/E ratio of -146.73, a PEG ratio of 5.64 and a beta of 0.41. Primary Health Properties has a twelve month low of GBX 85.40 ($1.08) and a twelve month high of GBX 105.50 ($1.33). The stock has a fifty day simple moving average of GBX 91.22 and a 200-day simple moving average of GBX 95.01.

Primary Health Properties Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, January 9th were issued a dividend of GBX 1.78 ($0.02) per share. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 1.9%. This is a boost from Primary Health Properties’s previous dividend of $1.73. Primary Health Properties’s payout ratio is -1,092.68%.

Insider Transactions at Primary Health Properties

In related news, insider Harry Abraham Hyman bought 3,808 shares of Primary Health Properties stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of GBX 93 ($1.17) per share, for a total transaction of £3,541.44 ($4,463.62). Company 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.