Primary Health Properties (LON:PHP) Price Target Lowered to GBX 98 at Barclays

Primary Health Properties (LON:PHP – Get Rating) had its price objective trimmed by Barclays from GBX 100 ($1.24) to GBX 98 ($1.22) in a research note published on Thursday, Marketbeat reports. The firm currently has an underweight rating on the real estate investment trust’s stock.

Separately, Berenberg Bank lowered their price target on Primary Health Properties from GBX 165 ($2.05) to GBX 125 ($1.55) and set a hold rating for the company in a report on Monday, February 27th.

Primary Health Properties Trading Up 0.1 %

LON PHP traded up GBX 0.10 ($0.00) on Thursday, reaching GBX 100.10 ($1.25). The company had a trading volume of 1,829,060 shares, compared to its average volume of 4,175,746. The stock’s 50 day moving average is GBX 104.31 and its 200-day moving average is GBX 109.01. The stock has a market cap of £1.34 billion, a price-to-earnings ratio of 5,005.00, a PEG ratio of 5.64 and a beta of 0.29. The company has a quick ratio of 0.62, a current ratio of 0.75 and a debt-to-equity ratio of 88.73. Primary Health Properties has a 52 week low of GBX 95.75 ($1.19) and a 52 week high of GBX 149.50 ($1.86).

Primary Health Properties Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, May 19th. Shareholders of record on Thursday, March 30th were issued a GBX 1.68 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a dividend yield of 1.64%. Primary Health Properties’s dividend payout ratio (DPR) is currently 35,000.00%.

Insiders Place Their Bets

In other Primary Health Properties news, insider Richard Howell purchased 18,776 shares of the stock in a transaction on Wednesday, March 15th. The stock was bought at an average cost of GBX 106 ($1.32) per share, for a total transaction of £19,902.56 ($24,754.43). In other news, insider Steven Owen acquired 18,972 shares of Primary Health Properties stock in a transaction dated Tuesday, April 11th. The stock was bought at an average cost of £104.82 ($130.37) per share, with a total value of £1,988,645.04 ($2,473,439.10). Also, insider Richard Howell acquired 18,776 shares of Primary Health Properties stock in a transaction dated Wednesday, March 15th. The shares were purchased at an average cost of GBX 106 ($1.32) per share, with a total value of £19,902.56 ($24,754.43). Insiders acquired 115,030 shares of company stock worth $208,962,858 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

About Primary Health Properties

(Get Rating)

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.