Primary Health Properties (LON:PHP) Reaches New 1-Year Low – Time to Sell?

Primary Health Properties Plc (LON:PHP) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 85.40 ($1.06) and last traded at GBX 86.10 ($1.06), with a volume of 1961645 shares trading hands. The stock had previously closed at GBX 88.50 ($1.09).

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Shore Capital reiterated a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, October 16th. Berenberg Bank lifted their price objective on shares of Primary Health Properties from GBX 103 ($1.27) to GBX 110 ($1.36) and gave the stock a “buy” rating in a research report on Wednesday, September 18th.

Primary Health Properties Price Performance

The stock has a market capitalization of £1.16 billion, a price-to-earnings ratio of -8,667.00, a P/E/G ratio of 5.64 and a beta of 0.41. The company’s 50-day simple moving average is GBX 93.53 and its 200-day simple moving average is GBX 95.58. The company has a debt-to-equity ratio of 96.98, a current ratio of 0.48 and a quick ratio of 0.62.

Primary Health Properties Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 9th will be issued a dividend of GBX 1.78 ($0.02) per share. This is a boost from Primary Health Properties’s previous dividend of $1.73. This represents a yield of 1.9%. The ex-dividend date of this dividend is Thursday, January 9th. 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.