Primary Health Properties Plc (PHP) to Issue Dividend of GBX 1.78 on May 9th

Primary Health Properties Plc (LON:PHP) declared a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Investors 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 is Thursday, March 27th. The official announcement can be viewed at this link.

Primary Health Properties Trading Up 0.7 %

Shares of LON PHP opened at GBX 95.88 ($1.24) on Tuesday. The stock has a market cap of £1.29 billion, a P/E ratio of -149.67, 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 current ratio of 0.50 and a quick ratio of 0.62. Primary Health Properties has a 1 year low of GBX 85.40 ($1.10) and a 1 year high of GBX 105.50 ($1.36). The firm has a 50-day moving average of GBX 92.24 and a 200 day moving average of GBX 94.69.

Primary Health Properties (LON:PHP) last released its 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 return on equity of 0.61% and a negative net margin of 4.84%. As a group, sell-side analysts expect that Primary Health Properties will post 7.0875912 EPS for the current fiscal year.

Insider Transactions at Primary Health Properties

In other news, insider Harry Abraham Hyman purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were bought 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.

Wall Street Analysts Forecast Growth

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