Primary Health Properties Plc (LON:PHP) Declares GBX 1.78 Dividend

Primary Health Properties Plc (LON:PHP) declared a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 27th will be given a dividend of GBX 1.78 ($0.02) per share by the real estate investment trust on Friday, May 9th. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, March 27th. The official announcement can be accessed at this link.

Primary Health Properties Price Performance

LON PHP opened at GBX 95.88 ($1.24) on Tuesday. The company has a debt-to-equity ratio of 96.73, a quick ratio of 0.62 and a current ratio of 0.50. The stock has a market cap of £1.29 billion, a price-to-earnings ratio of -149.67, a PEG ratio of 5.64 and a beta of 0.41. The business has a 50 day simple moving average of GBX 92.24 and a 200 day simple moving average of GBX 94.69. Primary Health Properties has a 52-week low of GBX 85.40 ($1.10) and a 52-week high of GBX 105.50 ($1.36).

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

Insiders Place Their Bets

In other Primary Health Properties news, insider Harry Abraham Hyman purchased 25,000 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of GBX 92 ($1.19) per share, for a total transaction of £23,000 ($29,719.60). Insiders own 2.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 105 ($1.36) target price on shares of Primary Health Properties in a report on Monday, March 3rd.

About Primary Health Properties

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.