Primary Health Properties Plc to Issue Dividend of GBX 1.73 (LON:PHP)

Primary Health Properties Plc (LON:PHP) declared a dividend on Thursday, June 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 4th will be paid a dividend of GBX 1.73 ($0.02) per share by the real estate investment trust on Friday, August 16th. This represents a dividend yield of 1.91%. The ex-dividend date is Thursday, July 4th. The official announcement can be viewed at this link.

Primary Health Properties Stock Performance

Shares of LON PHP opened at GBX 91.75 ($1.16) on Friday. The stock has a market cap of £1.23 billion, a price-to-earnings ratio of 4,587.50, a P/E/G ratio of 5.64 and a beta of 0.34. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 93.62. Primary Health Properties has a 1-year low of GBX 84.20 ($1.07) and a 1-year high of GBX 109 ($1.38). The stock’s 50-day moving average is GBX 93.06 and its 200 day moving average is GBX 94.50.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. initiated coverage on Primary Health Properties in a report on Friday, March 1st. They set a “neutral” rating and a GBX 105 ($1.33) price objective on the stock.

Insiders Place Their Bets

In related news, insider Richard Howell purchased 21,633 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were acquired at an average cost of GBX 92 ($1.17) per share, with a total value of £19,902.36 ($25,247.19). In other Primary Health Properties news, insider Richard Howell acquired 21,633 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were purchased at an average cost of GBX 92 ($1.17) per share, for a total transaction of £19,902.36 ($25,247.19). Also, insider Harry Abraham Hyman acquired 74,890 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was acquired at an average price of GBX 92 ($1.17) per share, for a total transaction of £68,898.80 ($87,401.75). Insiders own 2.59% of the company’s stock.

About Primary Health Properties

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.