Primary Health Properties Plc (LON:PHP) Announces Dividend of GBX 1.78

Primary Health Properties Plc (LON:PHP) declared a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 1.78 ($0.02) per share by the real estate investment trust on Friday, May 9th. This represents a yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 27th. The official announcement can be accessed at this link.

Primary Health Properties Price Performance

LON PHP opened at GBX 95.88 ($1.24) on Tuesday. Primary Health Properties has a 52 week low of GBX 85.40 ($1.10) and a 52 week high of GBX 105.50 ($1.36). The company has a current ratio of 0.50, a quick ratio of 0.62 and a debt-to-equity ratio of 96.73. The stock has a market cap of £1.29 billion, a price-to-earnings ratio of -149.67, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The company has a 50-day moving average price of GBX 92.24 and a two-hundred day moving average price of GBX 94.69.

Primary Health Properties (LON:PHP) last announced its quarterly earnings results 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%. Analysts forecast that Primary Health Properties will post 7.0875912 EPS for the current year.

Insider Activity

In other Primary Health Properties news, insider Harry Abraham Hyman bought 3,808 shares of Primary Health Properties stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average cost of GBX 93 ($1.20) per share, for a total transaction of £3,541.44 ($4,576.10). 2.81% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.