Primary Health Properties (LON:PHP) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Primary Health Properties Plc (LON:PHP)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 95.63 ($1.24) and traded as high as GBX 96 ($1.25). Primary Health Properties shares last traded at GBX 95.30 ($1.24), with a volume of 2,191,679 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, October 16th. Berenberg Bank lifted their price objective on shares of Primary Health Properties from GBX 103 ($1.34) to GBX 110 ($1.43) and gave the company a “buy” rating in a research note on Wednesday, September 18th.

Primary Health Properties Stock Up 0.6 %

The stock has a market cap of £1.28 billion, a P/E ratio of -9,530.00, a P/E/G ratio of 5.64 and a beta of 0.41. The company has a current ratio of 0.48, a quick ratio of 0.62 and a debt-to-equity ratio of 96.98. The firm’s fifty day moving average is GBX 98.94 and its 200 day moving average is GBX 95.63.

Primary Health Properties Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 10th will be issued a GBX 1.73 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 1.71%. Primary Health Properties’s dividend payout ratio (DPR) is presently -70,000.00%.

Primary Health Properties Company Profile

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.