Primary Health Properties PLC (PHP) to Issue Dividend of GBX 1.35
Primary Health Properties PLC (LON:PHP) declared a dividend on Wednesday, January 3rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 11th will be given a dividend of GBX 1.35 ($0.02) per share by the real estate investment trust on Friday, February 23rd. This represents a yield of 1.15%. The ex-dividend date of this dividend is Thursday, January 11th. This is an increase from Primary Health Properties’s previous dividend of $1.32. The official announcement can be viewed at this link.
Shares of Primary Health Properties (LON:PHP) traded up GBX 113.83 ($1.54) on Wednesday, hitting GBX 115 ($1.56). 519,566 shares of the stock were exchanged, compared to its average volume of 476,610. The stock has a market capitalization of $718.56 and a price-to-earnings ratio of 1,150.00. Primary Health Properties has a 1 year low of GBX 105 ($1.42) and a 1 year high of GBX 123.50 ($1.67).
A number of analysts have recently issued reports on the stock. Liberum Capital reissued a “hold” rating and set a GBX 120 ($1.63) target price on shares of Primary Health Properties in a research note on Monday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 125 ($1.70) price objective on shares of Primary Health Properties in a research note on Tuesday, December 5th. Finally, Jefferies Group started coverage on shares of Primary Health Properties in a research note on Wednesday, November 29th. They issued a “buy” rating and a GBX 125 ($1.70) price objective for the company.
In other news, insider Harry Abraham Hyman purchased 923 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was acquired at an average cost of GBX 114 ($1.55) per share, with a total value of £1,052.22 ($1,426.93). Over the last ninety days, insiders purchased 1,093 shares of company stock valued at $124,687.
About Primary Health Properties
Primary Health Properties PLC (PHP) is a United Kingdom-based real estate investment trust (REIT). The principal activity of the Company is the investment in primary healthcare property in the United Kingdom and the Republic of Ireland. It specializes in the ownership of freehold or long leasehold interests in purpose-built healthcare facilities, which are leased to general practitioners, government healthcare bodies and other associated healthcare users.
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