Primary Health Properties (PHP) Sets New 52-Week High at $134.00

Primary Health Properties PLC (LON:PHP) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 134 ($1.75) and last traded at GBX 132.60 ($1.73), with a volume of 2622619 shares trading hands. The stock had previously closed at GBX 132.60 ($1.73).

Several research firms have weighed in on PHP. Peel Hunt upgraded shares of Primary Health Properties to a “buy” rating in a research note on Wednesday, May 8th. Liberum Capital lowered shares of Primary Health Properties to a “hold” rating and upped their price objective for the company from GBX 125 ($1.63) to GBX 130 ($1.70) in a research note on Monday, March 25th.

The company has a market cap of $1.51 billion and a price-to-earnings ratio of 13.53. The company has a debt-to-equity ratio of 88.06, a quick ratio of 0.07 and a current ratio of 0.08.

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 4th will be paid a GBX 1.40 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 1.08%. Primary Health Properties’s dividend payout ratio is presently 0.61%.

In other Primary Health Properties news, insider Harry Abraham Hyman bought 77,100 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was bought at an average cost of GBX 120 ($1.57) per share, with a total value of £92,520 ($120,893.77). Also, insider Peter Cole bought 50,000 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was acquired at an average cost of GBX 118 ($1.54) per share, with a total value of £59,000 ($77,093.95). In the last quarter, insiders acquired 127,175 shares of company stock worth $15,161,750.

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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.

See Also: Compound Annual Growth Rate (CAGR)

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