Primary Health Properties Plc (LON:PHP – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on PHP shares. JPMorgan Chase & Co. started coverage on shares of Primary Health Properties in a research note on Friday, March 1st. They issued a “neutral” rating and a GBX 105 ($1.31) price target for the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 103 ($1.28) price target on shares of Primary Health Properties in a research note on Friday, February 9th.
Read Our Latest Report on Primary Health Properties
Primary Health Properties Trading Up 0.4 %
Primary Health Properties Announces Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, March 28th will be paid a dividend of GBX 1.73 ($0.02) per share. This represents a yield of 1.86%. The ex-dividend date of this dividend is Thursday, March 28th. Primary Health Properties’s dividend payout ratio is presently 35,000.00%.
Insider Activity at Primary Health Properties
In other Primary Health Properties news, insider Harry Abraham Hyman bought 74,890 shares of the business’s stock in a transaction that occurred on 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). In other news, insider Bandhana Rawal purchased 27,549 shares of Primary Health Properties stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average price of GBX 90 ($1.12) per share, for a total transaction of £24,794.10 ($30,865.31). Also, insider Harry Abraham Hyman purchased 74,890 shares of Primary Health Properties stock in a transaction that occurred on Friday, April 5th. The stock was purchased at an average price of GBX 92 ($1.15) per share, with a total value of £68,898.80 ($85,769.70). Insiders acquired a total of 124,072 shares of company stock valued at $11,359,526 over the last ninety days. 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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