Primary Health Properties PLC (LON:PHP) declared a dividend on Wednesday, January 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 11th will be paid a dividend of GBX 1.35 ($0.02) per share by the real estate investment trust on Friday, February 23rd. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, January 11th. This is a boost from Primary Health Properties’s previous dividend of $1.32. The official announcement can be seen at this link.
Shares of Primary Health Properties (LON PHP) traded up GBX 112.45 ($1.52) during mid-day trading on Wednesday, hitting GBX 113.60 ($1.54). The stock had a trading volume of 498,713 shares, compared to its average volume of 484,318. The firm has a market capitalization of $705.75 and a price-to-earnings ratio of 1,136.00. Primary Health Properties has a fifty-two week low of GBX 105 ($1.42) and a fifty-two week high of GBX 123.50 ($1.67).
Several research firms recently commented on PHP. Liberum Capital reaffirmed a “hold” rating and set a GBX 120 ($1.63) target price on shares of Primary Health Properties in a report on Monday, January 8th. Peel Hunt reiterated a “buy” rating and set a GBX 125 ($1.70) price target on shares of Primary Health Properties in a research report on Tuesday, December 5th. Finally, Jefferies Group started coverage on Primary Health Properties in a research report on Wednesday, November 29th. They set a “buy” rating and a GBX 125 ($1.70) price target on the stock.
Primary Health Properties Company Profile
Primary Health Properties PLC (PHP) is a United Kingdom-based real estate investment trust (REIT). The principal activity of the Company is the investment in primary healthcare property in the United Kingdom and the Republic of Ireland. It specializes in the ownership of freehold or long leasehold interests in purpose-built healthcare facilities, which are leased to general practitioners, government healthcare bodies and other associated healthcare users.
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