Primary Health Properties (PHP) Sets New 1-Year High at $117.80

Primary Health Properties PLC (LON:PHP) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 117.80 ($1.54) and last traded at GBX 116.40 ($1.52), with a volume of 2169146 shares changing hands. The stock had previously closed at GBX 117 ($1.53).

A number of research analysts have commented on PHP shares. Liberum Capital reaffirmed a “buy” rating on shares of Primary Health Properties in a report on Monday, October 22nd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 125 ($1.63) price objective on shares of Primary Health Properties in a report on Tuesday, October 30th.

Primary Health Properties (LON:PHP) last released its earnings results on Thursday, January 31st. The real estate investment trust reported GBX 5.20 ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 5.30 ($0.07) by GBX (0.10) ($0.00).

The business also recently announced a dividend, which will be paid on Friday, February 22nd. Stockholders of record on Thursday, January 10th will be issued a dividend of GBX 1.40 ($0.02) per share. This is a positive change from Primary Health Properties’s previous dividend of $1.35. This represents a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, January 10th.

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Primary Health Properties Company Profile (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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