Primary Health Properties (LON:PHP) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Primary Health Properties (LON:PHPFree Report) in a research note issued to investors on Friday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 103 ($1.30) target price on the real estate investment trust’s stock.

Primary Health Properties Stock Up 0.3 %

PHP opened at GBX 93.45 ($1.18) on Friday. Primary Health Properties has a 12 month low of GBX 84.20 ($1.06) and a 12 month high of GBX 112.80 ($1.42). The company has a debt-to-equity ratio of 87.37, a current ratio of 0.40 and a quick ratio of 0.62. The stock has a market cap of £1.25 billion, a P/E ratio of -4,660.00, a P/E/G ratio of 5.64 and a beta of 0.35. The stock’s 50 day moving average price is GBX 99.09 and its 200 day moving average price is GBX 95.67.

Primary Health Properties Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 11th will be paid a dividend of GBX 1.73 ($0.02) per share. This is a positive change from Primary Health Properties’s previous dividend of $1.68. This represents a yield of 1.67%. The ex-dividend date is Thursday, January 11th. Primary Health Properties’s dividend payout ratio (DPR) is presently -35,000.00%.

Primary Health Properties Company Profile

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Primary Health Properties (PHP) is the leading investor in modern healthcare properties in the UK & Ireland. PHP is a UK based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.

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