Primary Health Properties (LON:PHP) Given “Add” Rating at Peel Hunt

Peel Hunt reissued their add rating on shares of Primary Health Properties (LON:PHP) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.

Separately, Liberum Capital reaffirmed a hold rating on shares of Primary Health Properties in a report on Thursday, July 25th.

LON PHP opened at GBX 131 ($1.71) on Friday. The stock has a market capitalization of $1.49 billion and a P/E ratio of -15.41. Primary Health Properties has a 52 week low of GBX 106.40 ($1.39) and a 52 week high of GBX 139 ($1.82). The company has a debt-to-equity ratio of 106.19, a quick ratio of 0.20 and a current ratio of 0.20. The firm’s 50-day simple moving average is GBX 134.47.

The firm also recently disclosed a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 11th will be issued a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 1.02%. The ex-dividend date is Thursday, July 11th. Primary Health Properties’s dividend payout ratio (DPR) is presently -0.71%.

About Primary Health Properties

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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