Primary Health Properties (LON:PHP) Reaches New 12-Month Low – Here’s Why

Primary Health Properties Plc (LON:PHP)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 85.40 ($1.06) and last traded at GBX 86.10 ($1.06), with a volume of 1961645 shares. The stock had previously closed at GBX 88.50 ($1.09).

Analyst Upgrades and Downgrades

Several analysts have weighed in on PHP shares. Berenberg Bank boosted their price objective on shares of Primary Health Properties from GBX 103 ($1.27) to GBX 110 ($1.36) and gave the company a “buy” rating in a report on Wednesday, September 18th. Shore Capital reiterated a “buy” rating on shares of Primary Health Properties in a research report on Wednesday, October 16th.

Primary Health Properties Stock Down 2.1 %

The company has a market cap of £1.16 billion, a P/E ratio of -8,667.00, a PEG ratio of 5.64 and a beta of 0.41. The stock has a 50-day moving average of GBX 93.53 and a 200 day moving average of GBX 95.58. The company has a debt-to-equity ratio of 96.98, a current ratio of 0.48 and a quick ratio of 0.62.

Primary Health Properties Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 9th will be given a GBX 1.78 ($0.02) dividend. The ex-dividend date is Thursday, January 9th. This is a boost from Primary Health Properties’s previous dividend of $1.73. This represents a dividend yield of 1.9%. Primary Health Properties’s payout ratio is presently -70,000.00%.

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.