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

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 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 of this dividend is Thursday, March 27th. The official announcement can be seen at this link.

Primary Health Properties Trading Up 0.7 %

PHP opened at GBX 95.88 ($1.24) on Tuesday. 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). The company has a market capitalization of £1.29 billion, a P/E ratio of -149.67, a PEG ratio of 5.64 and a beta of 0.41. The stock’s fifty day moving average is GBX 92.24 and its two-hundred day moving average is GBX 94.69. The company has a quick ratio of 0.62, a current ratio of 0.50 and a debt-to-equity ratio of 96.73.

Primary Health Properties (LON:PHP) last released its quarterly earnings data 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 return on equity of 0.61% and a negative net margin of 4.84%. Analysts forecast that Primary Health Properties will post 7.0875912 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Primary Health Properties news, insider Harry Abraham Hyman acquired 25,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of GBX 92 ($1.19) per share, for a total transaction of £23,000 ($29,719.60). 2.81% of the stock is currently owned by corporate insiders.

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.