Primary Health Properties (LON:PHP) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Primary Health Properties Plc (LON:PHP)’s stock price 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 traded.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Berenberg Bank boosted their target price on shares of Primary Health Properties from GBX 103 ($1.30) to GBX 110 ($1.38) and gave the company a “buy” rating in a research note on Wednesday, September 18th. Shore Capital reissued a “buy” rating on shares of Primary Health Properties in a report on Wednesday, October 16th.

Primary Health Properties Trading Down 0.3 %

The company has a quick ratio of 0.62, a current ratio of 0.48 and a debt-to-equity ratio of 96.98. The firm has a market capitalization 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’s fifty day simple moving average is GBX 94.39 and its 200 day simple moving average is GBX 95.53.

Primary Health Properties Dividend Announcement

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