Primary Health Properties (LON:PHP) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Primary Health Properties Plc (LON:PHP) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 94.30 and traded as low as GBX 92.65. Primary Health Properties shares last traded at GBX 93.80, with a volume of 574,545,000 shares traded.

Analyst Upgrades and Downgrades

PHP has been the subject of a number of recent research reports. Berenberg Bank increased their price objective on shares of Primary Health Properties from GBX 128 to GBX 133 and gave the company a “buy” rating in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 115 target price on shares of Primary Health Properties in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and issued a GBX 118 price target on shares of Primary Health Properties in a research report on Friday, July 31st. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Primary Health Properties in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 115.20.

Primary Health Properties Stock Performance

The company has a debt-to-equity ratio of 131.37, a quick ratio of 0.62 and a current ratio of 0.88. The firm’s 50-day moving average price is GBX 94.64 and its two-hundred day moving average price is GBX 94.15. The stock has a market cap of £2.41 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 5.64 and a beta of 0.79.

Primary Health Properties (LON:PHP) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 3.80 earnings per share (EPS) for the quarter. Primary Health Properties had a net margin of 43.30% and a return on equity of 6.20%. On average, analysts expect that Primary Health Properties Plc will post 7.0875912 EPS for the current fiscal year.

Primary Health Properties Company Profile

PHP is a leading investor in critical healthcare infrastructure in the UK and Ireland.

The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. PHP has an unbroken 30 year track record of dividend growth.

To achieve this, PHP invests in healthcare real estate let on long-term leases, backed by secure underlying covenants where the majority of rental income is funded directly or indirectly by a government body.