Primary Health Properties (PHP) Hits New 1-Year Low at $108.60

Primary Health Properties (LON:PHP)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 108.60 ($1.53) and last traded at GBX 109.20 ($1.54), with a volume of 769541 shares. The stock had previously closed at GBX 1.09 ($0.02).

PHP has been the subject of a number of research reports. Peel Hunt reiterated a “buy” rating and set a GBX 125 ($1.77) target price on shares of Primary Health Properties in a report on Wednesday, February 21st. Liberum Capital restated a “hold” rating and set a GBX 120 ($1.70) price objective on shares of Primary Health Properties in a research report on Monday, January 8th. Finally, Jefferies Group restated a “buy” rating and set a GBX 126 ($1.78) price objective on shares of Primary Health Properties in a research report on Thursday, January 18th.

Primary Health Properties (LON:PHP) last issued its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported GBX 5.20 ($0.07) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of GBX 5.20 ($0.07). The firm had revenue of GBX 7,250 million during the quarter. Primary Health Properties had a net margin of 127.96% and a return on equity of 16.99%.

The business also recently disclosed a dividend, which will be paid on Friday, May 25th. Shareholders of record on Thursday, April 5th will be given a dividend of GBX 1.35 ($0.02) per share. The ex-dividend date is Thursday, April 5th. This represents a yield of 1.23%.

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About Primary Health Properties

Primary Health Properties PLC (?PHP?) is a UK Real Estate Investment Trust (?REIT?) and the leading investor in modern primary healthcare premises. The objective of the Group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Republic of Ireland let on long term leases backed by a secure underlying covenant funded mostly by government bodies.

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