Primary Health Properties (LON:PHP) Reaches New 1-Year High at $140.80

Primary Health Properties PLC (LON:PHP) hit a new 52-week high on Monday . The company traded as high as GBX 140.80 ($1.84) and last traded at GBX 140.06 ($1.83), with a volume of 7049 shares changing hands. The stock had previously closed at GBX 141 ($1.84).

A number of equities research analysts have weighed in on the stock. Liberum Capital reissued a “hold” rating on shares of Primary Health Properties in a report on Tuesday, September 24th. Peel Hunt reaffirmed an “add” rating on shares of Primary Health Properties in a research note on Tuesday, October 15th.

The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 106.19. The company has a market capitalization of $1.70 billion and a PE ratio of -16.50. The business’s 50 day simple moving average is GBX 135.86 and its 200 day simple moving average is GBX 124.26.

The company also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th will be paid a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 1.06%. The ex-dividend date of this dividend is Thursday, October 10th. Primary Health Properties’s dividend payout ratio is presently -0.71%.

Primary Health Properties Company Profile (LON:PHP)

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 Ireland let on long term leases backed by a secure underlying covenant funded mostly by government bodies.

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