Primary Health Properties (LON:PHP) Share Price Passes Above 200 Day Moving Average – What’s Next?

Primary Health Properties Plc (LON:PHP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 94.04 ($1.25) and traded as high as GBX 101.10 ($1.35). Primary Health Properties shares last traded at GBX 100.50 ($1.34), with a volume of 3,653,521 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 105 ($1.40) price target on shares of Primary Health Properties in a research report on Monday, March 3rd. Shore Capital restated a “buy” rating on shares of Primary Health Properties in a research note on Thursday, April 10th.

Primary Health Properties Price Performance

The company’s fifty day moving average is GBX 95.18 and its two-hundred day moving average is GBX 94.04. The firm has a market cap of £1.35 billion, a price-to-earnings ratio of -156.88, a price-to-earnings-growth ratio of 5.64 and a beta of 0.41. The company has a debt-to-equity ratio of 96.73, a quick ratio of 0.62 and a current ratio of 0.50.

Primary Health Properties (LON:PHP) last released its quarterly earnings results on Friday, February 28th. The real estate investment trust reported GBX 7 ($0.09) earnings per share for the quarter. Primary Health Properties had a negative net margin of 4.84% and a negative return on equity of 0.61%. Equities research analysts forecast that Primary Health Properties Plc will post 7.0875912 EPS for the current year.

Primary Health Properties Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, March 27th will be issued a dividend of GBX 1.78 ($0.02) per share. This represents a yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 27th. Primary Health Properties’s payout ratio is currently -1,092.68%.

Insider Activity at Primary Health Properties

In related news, insider Harry Abraham Hyman purchased 25,000 shares of Primary Health Properties stock in a transaction on Friday, February 28th. The stock was bought at an average price of GBX 92 ($1.23) per share, with a total value of £23,000 ($30,625.83). 2.81% of the stock is currently owned by corporate insiders.

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.