Primary Health Properties (LON:PHP) Stock Price Crosses Below Two Hundred Day Moving Average of $0.00

Primary Health Properties PLC (LON:PHP) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as low as $130.80. Primary Health Properties shares last traded at $131.00, with a volume of 4,295,650 shares.

PHP has been the subject of several research reports. Peel Hunt reiterated an “add” rating on shares of Primary Health Properties in a research report on Monday, July 22nd. Liberum Capital reiterated a “hold” rating on shares of Primary Health Properties in a research report on Thursday, July 25th.

The stock has a market cap of $1.49 billion and a P/E ratio of -15.41. The company has a 50-day moving average of GBX 135.61. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 106.19.

The company also recently announced a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, July 11th will be given a GBX 1.40 ($0.02) dividend. The ex-dividend date is Thursday, July 11th. This represents a dividend yield of 1.02%. Primary Health Properties’s payout ratio is -0.71%.

About Primary Health Properties (LON:PHP)

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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