Primary Health Properties (LON:PHP) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of Primary Health Properties Plc (LON:PHP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 95.63 ($1.24) and traded as high as GBX 96 ($1.25). Primary Health Properties shares last traded at GBX 95.30 ($1.24), with a volume of 2,191,679 shares trading hands.

Analysts Set New Price Targets

PHP has been the subject of a number of recent analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Primary Health Properties in a research note on Wednesday, October 16th. Berenberg Bank raised their price target on shares of Primary Health Properties from GBX 103 ($1.34) to GBX 110 ($1.43) and gave the stock a “buy” rating in a report on Wednesday, September 18th.

Primary Health Properties Price Performance

The company has a market capitalization of £1.28 billion, a PE ratio of -9,530.00, a P/E/G ratio of 5.64 and a beta of 0.41. The company has a debt-to-equity ratio of 96.98, a quick ratio of 0.62 and a current ratio of 0.48. The stock has a 50 day moving average price of GBX 98.94 and a two-hundred day moving average price of GBX 95.63.

Primary Health Properties Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th will be paid a GBX 1.73 ($0.02) dividend. This represents a yield of 1.71%. The ex-dividend date of this dividend is Thursday, October 10th. Primary Health Properties’s dividend payout ratio (DPR) is presently -70,000.00%.

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.