Primary Health Properties Plc (PHP) to Issue Dividend of GBX 1.78 on February 21st

Primary Health Properties Plc (LON:PHP) declared a dividend on Thursday, January 2nd,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, January 9th will be paid a dividend of GBX 1.78 ($0.02) per share by the real estate investment trust on Friday, February 21st. This represents a yield of 1.9%. The ex-dividend date of this dividend is Thursday, January 9th. This is a positive change from Primary Health Properties’s previous dividend of $1.73. The official announcement can be accessed at this link.

Primary Health Properties Price Performance

PHP stock opened at GBX 92.60 ($1.15) on Friday. Primary Health Properties has a one year low of GBX 86.25 ($1.07) and a one year high of GBX 105.50 ($1.31). The firm has a 50-day moving average of GBX 93.88 and a two-hundred day moving average of GBX 95.59. The firm has a market capitalization of £1.24 billion, a PE ratio of -9,260.00, a P/E/G ratio of 5.64 and a beta of 0.41. The company has a current ratio of 0.48, a quick ratio of 0.62 and a debt-to-equity ratio of 96.98.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Berenberg Bank upped their price target on shares of Primary Health Properties from GBX 103 ($1.28) to GBX 110 ($1.37) and gave the company a “buy” rating in a research report on Wednesday, September 18th. Shore Capital restated a “buy” rating on shares of Primary Health Properties in a report on Wednesday, October 16th.

Primary Health Properties Company Profile

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.