Primary Health Properties (LON:PHP) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Primary Health Properties Plc (LON:PHP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 95.53 ($1.20) and traded as low as GBX 91.60 ($1.15). Primary Health Properties shares last traded at GBX 92.20 ($1.16), with a volume of 1,431,791 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Shore Capital restated a “buy” rating on shares of Primary Health Properties in a research report on Wednesday, October 16th. Berenberg Bank lifted their price objective on Primary Health Properties from GBX 103 ($1.30) to GBX 110 ($1.38) and gave the stock a “buy” rating in a research report on Wednesday, September 18th.

Primary Health Properties Trading Down 0.3 %

The company has a market cap of £1.24 billion, a PE ratio of -9,220.00, a PEG ratio of 5.64 and a beta of 0.41. The stock has a 50 day moving average price of GBX 94.39 and a 200 day moving average price of GBX 95.53. The company has a current ratio of 0.48, a quick ratio of 0.62 and a debt-to-equity ratio of 96.98.

Primary Health Properties Announces Dividend

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

Primary Health Properties Company Profile

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.