Primary Health Properties PLC (LON:PHP) announced a dividend on Thursday, June 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 2nd will be given a dividend of GBX 1.48 ($0.02) per share by the real estate investment trust on Friday, August 21st. This represents a dividend yield of 0.97%. The ex-dividend date is Thursday, July 2nd. The official announcement can be viewed at this link.

PHP stock opened at GBX 155.60 ($1.91) on Tuesday. The company’s 50 day simple moving average is GBX 155.12 and its 200-day simple moving average is GBX 154.97. The firm has a market capitalization of $1.89 billion and a P/E ratio of -23.94. Primary Health Properties has a 52-week low of GBX 120.40 ($1.48) and a 52-week high of GBX 167.60 ($2.06). The company has a debt-to-equity ratio of 104.35, a current ratio of 2.42 and a quick ratio of 2.33.

In related news, insider Steven Owen acquired 7,992 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was purchased at an average cost of GBX 160 ($1.97) per share, for a total transaction of £12,787.20 ($15,736.16). Also, insider Harry Abraham Hyman bought 363 shares of the stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of GBX 155 ($1.91) per share, for a total transaction of £562.65 ($692.41). Insiders have acquired a total of 8,418 shares of company stock worth $1,344,624 over the last three months.

Several research analysts have weighed in on the company. Liberum Capital reaffirmed a “buy” rating on shares of Primary Health Properties in a research report on Monday, May 11th. Jefferies Financial Group raised shares of Primary Health Properties to a “buy” rating and lifted their price target for the company from GBX 165 ($2.03) to GBX 179 ($2.20) in a research report on Thursday, April 2nd. Barclays reiterated an “overweight” rating and issued a GBX 170 ($2.09) target price (up previously from GBX 168 ($2.07)) on shares of Primary Health Properties in a report on Wednesday, April 15th. Berenberg Bank reissued a “buy” rating on shares of Primary Health Properties in a research report on Wednesday, May 6th. Finally, Peel Hunt reiterated an “add” rating on shares of Primary Health Properties in a research note on Thursday, May 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 169.83 ($2.09).

About Primary Health Properties

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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Dividend History for Primary Health Properties (LON:PHP)

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