Primary Health Properties Plc (LON:PHP) Raises Dividend to GBX 1.78 Per Share

Primary Health Properties Plc (LON:PHP) announced a dividend on Thursday, January 2nd,Upcoming Dividends.Co.Uk reports. Stockholders 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 dividend yield of 1.9%. The ex-dividend date is Thursday, January 9th. This is an increase from Primary Health Properties’s previous dividend of $1.73. The official announcement can be viewed at this link.

Primary Health Properties Trading Up 0.1 %

LON:PHP opened at GBX 92.35 ($1.16) on Tuesday. Primary Health Properties has a 12-month low of GBX 86.25 ($1.08) and a 12-month high of GBX 105.50 ($1.32). The company has a debt-to-equity ratio of 96.98, a current ratio of 0.48 and a quick ratio of 0.62. The business has a 50 day simple moving average of GBX 93.80 and a 200 day simple moving average of GBX 95.60. The firm has a market capitalization of £1.24 billion, a P/E ratio of -9,235.40, a P/E/G ratio of 5.64 and a beta of 0.41.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PHP shares. Shore Capital restated a “buy” rating on shares of Primary Health Properties in a research report on Wednesday, October 16th. Berenberg Bank raised their price target on shares of Primary Health Properties from GBX 103 ($1.29) to GBX 110 ($1.38) and gave the company a “buy” rating in a research note on Wednesday, September 18th.

About Primary Health Properties

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.