Primary Health Properties PLC (LON:PHP) declared a dividend on Wednesday, July 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 11th will be given a dividend of GBX 1.40 ($0.02) per share by the real estate investment trust on Friday, August 23rd. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, July 11th. The official announcement can be accessed at this link.
Shares of LON PHP traded up GBX 1.40 ($0.02) during midday trading on Wednesday, hitting GBX 137.60 ($1.80). 1,390,930 shares of the stock traded hands, compared to its average volume of 821,202. The stock has a 50-day moving average price of GBX 134.98. The stock has a market capitalization of $1.56 billion and a price-to-earnings ratio of 14.04. The company has a quick ratio of 0.07, a current ratio of 0.08 and a debt-to-equity ratio of 88.06. Primary Health Properties has a one year low of GBX 1.08 ($0.01) and a one year high of GBX 139 ($1.82).
PHP has been the subject of several analyst reports. Peel Hunt restated an “add” rating on shares of Primary Health Properties in a research note on Tuesday, June 25th. Liberum Capital lowered Primary Health Properties to a “hold” rating and upped their price objective for the stock from GBX 125 ($1.63) to GBX 130 ($1.70) in a research note on Monday, March 25th.
Primary Health Properties PLC (PHP) is a UK Real Estate Investment Trust (REIT) and the leading investor in modern primary healthcare premises. The objective of the Group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP achieves this by investing in healthcare real estate in the UK and Ireland let on long term leases backed by a secure underlying covenant funded mostly by government bodies.
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