Shares of Primary Health Properties Plc (LON:PHP – Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 94.99 ($1.18) and traded as low as GBX 92.10 ($1.15). Primary Health Properties shares last traded at GBX 92.45 ($1.15), with a volume of 2,124,310 shares.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Primary Health Properties in a report on Friday, March 1st. They set a “neutral” rating and a GBX 105 ($1.31) price target on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 103 ($1.28) price target on shares of Primary Health Properties in a report on Friday, February 9th.
View Our Latest Research Report on PHP
Primary Health Properties Stock Performance
Primary Health Properties Announces Dividend
The business also recently declared a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, March 28th will be given a dividend of GBX 1.73 ($0.02) per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a dividend yield of 1.86%. Primary Health Properties’s payout ratio is 35,000.00%.
Insider Activity
In related news, insider Richard Howell purchased 21,633 shares of Primary Health Properties stock in a transaction dated Wednesday, April 3rd. The stock was bought at an average cost of GBX 92 ($1.15) per share, for a total transaction of £19,902.36 ($24,775.75). In other Primary Health Properties news, insider Harry Abraham Hyman acquired 74,890 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was acquired at an average cost of GBX 92 ($1.15) per share, with a total value of £68,898.80 ($85,769.70). Also, insider Richard Howell acquired 21,633 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were acquired at an average cost of GBX 92 ($1.15) per share, with a total value of £19,902.36 ($24,775.75). In the last three months, insiders purchased 124,072 shares of company stock worth $11,359,526. Company insiders own 2.59% of the company’s stock.
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.
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