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

Primary Health Properties Plc (LON:PHP) announced a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 27th will be paid 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 of this dividend is Thursday, March 27th. The official announcement can be accessed at this link.

Primary Health Properties Trading Up 0.7 %

LON PHP opened at GBX 95.88 ($1.24) on Tuesday. Primary Health Properties has a 12 month low of GBX 85.40 ($1.10) and a 12 month high of GBX 105.50 ($1.36). The company has a current ratio of 0.50, a quick ratio of 0.62 and a debt-to-equity ratio of 96.73. The stock has a 50 day moving average of GBX 92.24 and a 200-day moving average of GBX 94.69. The company has a market cap of £1.29 billion, a PE ratio of -149.67, a PEG ratio of 5.64 and a beta of 0.41.

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

Insider Buying and Selling at Primary Health Properties

In related 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, with a total value of £23,000 ($29,719.60). Insiders own 2.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 105 ($1.36) price target on shares of Primary Health Properties in a research 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.