Primary Health Properties (LON:PHP) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Primary Health Properties Plc (LON:PHP)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 94.72 ($1.23) and traded as high as GBX 97.20 ($1.26). Primary Health Properties shares last traded at GBX 95.51 ($1.24), with a volume of 65,178,777 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 105 ($1.36) price objective on shares of Primary Health Properties in a report on Monday, March 3rd.

Primary Health Properties Stock Performance

The firm’s fifty day moving average price is GBX 91.70 and its 200 day moving average price is GBX 94.71. The firm has a market cap of £1.28 billion, a P/E ratio of -149.07, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The company has a debt-to-equity ratio of 96.73, a quick ratio of 0.62 and a current ratio of 0.50.

Primary Health Properties (LON:PHP) last issued its quarterly earnings data on Friday, February 28th. The real estate investment trust reported GBX 7 ($0.09) earnings per share for the quarter. Primary Health Properties had a negative return on equity of 0.61% and a negative net margin of 4.84%. Sell-side analysts expect that Primary Health Properties Plc will post 7.0875912 EPS for the current fiscal year.

Primary Health Properties Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, March 27th will be paid a dividend of GBX 1.78 ($0.02) per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a dividend yield of 1.85%. Primary Health Properties’s dividend payout ratio (DPR) is presently -1,092.68%.

Insider Buying and Selling at Primary Health Properties

In other Primary Health Properties news, insider Harry Abraham Hyman purchased 3,808 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was bought at an average cost of GBX 93 ($1.21) per share, for a total transaction of £3,541.44 ($4,592.12). 2.81% of the stock is owned by insiders.

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.