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

Primary Health Properties Plc (LON:PHP) declared a dividend on Thursday, January 2nd,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, January 9th will be given a dividend of GBX 1.78 ($0.02) per share by the real estate investment trust on Friday, February 21st. This represents a dividend yield of 1.9%. The ex-dividend date is Thursday, January 9th. This is an increase from Primary Health Properties’s previous dividend of $1.73. The official announcement can be viewed at this link.

Primary Health Properties Trading Down 0.2 %

LON:PHP opened at GBX 92.66 ($1.15) on Friday. Primary Health Properties has a 12 month low of GBX 86.25 ($1.07) and a 12 month high of GBX 105.50 ($1.31). The company has a current ratio of 0.48, a quick ratio of 0.62 and a debt-to-equity ratio of 96.98. The firm’s 50 day moving average is GBX 93.98 and its 200 day moving average is GBX 95.58. The stock has a market capitalization of £1.24 billion, a PE ratio of -9,265.50, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PHP. Berenberg Bank boosted their target price on Primary Health Properties from GBX 103 ($1.27) to GBX 110 ($1.36) and gave the company a “buy” rating in a research note on Wednesday, September 18th. Shore Capital restated a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, October 16th.

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.