Primary Health Properties (LON:PHP) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Primary Health Properties Plc (LON:PHP) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 94.50 ($1.24) and traded as high as GBX 94.60 ($1.24). Primary Health Properties shares last traded at GBX 93.85 ($1.23), with a volume of 4,083,113 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 105 ($1.38) price objective on shares of Primary Health Properties in a research report on Monday, March 3rd.

Primary Health Properties Stock Performance

The firm’s 50-day moving average price is GBX 93.16 and its 200-day moving average price is GBX 94.43. 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 stock has a market cap of £1.30 billion, a P/E ratio of -151.57, a PEG ratio of 5.64 and a beta of 0.41.

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 (EPS) 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 earnings per share for the current fiscal year.

Primary Health Properties Announces Dividend

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

Insiders Place Their Bets

In related news, insider Harry Abraham Hyman purchased 25,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of GBX 92 ($1.21) per share, for a total transaction of £23,000 ($30,136.27). Insiders own 2.81% of the company’s stock.

Primary Health Properties Company Profile

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.