Primary Health Properties (LON:PHP) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Primary Health Properties Plc (LON:PHP)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 95.02 ($1.18) and traded as low as GBX 90.45 ($1.13). Primary Health Properties shares last traded at GBX 91.70 ($1.14), with a volume of 3,164,199 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Primary Health Properties in a research report on Wednesday, October 16th.

Primary Health Properties Stock Up 0.1 %

The firm has a 50 day moving average price of GBX 91.45 and a 200-day moving average price of GBX 95.02. The company has a current ratio of 0.48, a quick ratio of 0.62 and a debt-to-equity ratio of 96.98. The firm has a market cap of £1.23 billion, a PE ratio of -9,170.00, a PEG ratio of 5.64 and a beta of 0.41.

Primary Health Properties Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 9th will be paid a GBX 1.78 ($0.02) dividend. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, January 9th. This is a boost from Primary Health Properties’s previous dividend of $1.73. Primary Health Properties’s dividend payout ratio (DPR) is presently -70,000.00%.

Primary Health Properties Company Profile

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.