Primary Health Properties’ (PHP) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of Primary Health Properties (LON:PHP) in a report published on Wednesday morning, Marketbeat reports.

Primary Health Properties Price Performance

Primary Health Properties stock opened at GBX 92.85 ($1.20) on Wednesday. The stock has a market capitalization of £1.24 billion, a P/E ratio of 4,642.50, a P/E/G ratio of 5.64 and a beta of 0.34. Primary Health Properties has a 12-month low of GBX 84.20 ($1.09) and a 12-month high of GBX 109 ($1.41). The company has a debt-to-equity ratio of 93.62, a current ratio of 0.56 and a quick ratio of 0.62. The firm’s 50-day moving average is GBX 92.96 and its two-hundred day moving average is GBX 93.20.

Primary Health Properties Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 16th. Stockholders of record on Thursday, July 4th will be issued a dividend of GBX 1.73 ($0.02) per share. This represents a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, July 4th. Primary Health Properties’s dividend payout ratio (DPR) is 35,000.00%.

Primary Health Properties Company Profile

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.