357,194 Shares in National Healthcare Properties, Inc. $NHP Bought by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC acquired 357,194 shares of National Healthcare Properties, valued at approximately $5.23 million and representing about 0.49% of the company. Several other institutional investors also initiated positions during the second quarter.
• Analyst sentiment is mixed but leans positive: six analysts rate NHP a Buy, five recommend Hold, and one recommends Sell. The consensus rating is Hold, with an average price target of $18.22.
• NHP shares opened at $15.74, while the company reported a quarterly loss of $0.13 per share on $87.53 million in revenue. It also declared a quarterly dividend of $0.075 per share, equal to a 1.9% annualized yield.

Squarepoint Ops LLC purchased a new stake in National Healthcare Properties, Inc. (NASDAQ:NHP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 357,194 shares of the company's stock, valued at approximately $5,233,000. Squarepoint Ops LLC owned approximately 0.49% of National Healthcare Properties as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NHP. California State Teachers Retirement System acquired a new stake in National Healthcare Properties during the second quarter worth about $135,000. Readystate Asset Management LP bought a new stake in shares of National Healthcare Properties during the 2nd quarter worth approximately $747,000. Citadel Advisors LLC bought a new stake in shares of National Healthcare Properties during the 2nd quarter worth approximately $7,325,000. Irenic Capital Management LP bought a new stake in shares of National Healthcare Properties during the 2nd quarter worth approximately $8,052,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of National Healthcare Properties during the 2nd quarter worth approximately $37,278,000.

Analysts Set New Price Targets

NHP has been the topic of a number of recent analyst reports. Zacks Research raised shares of National Healthcare Properties to a "hold" rating in a research note on Tuesday, June 9th. Morgan Stanley initiated coverage on National Healthcare Properties in a research note on Monday, May 18th. They set an "equal weight" rating and a $16.00 target price for the company. Citigroup reaffirmed an "outperform" rating on shares of National Healthcare Properties in a report on Monday, August 10th. Wells Fargo & Company boosted their price target on National Healthcare Properties from $17.00 to $19.00 and gave the stock an "overweight" rating in a report on Tuesday, September 1st. Finally, The Goldman Sachs Group assumed coverage on National Healthcare Properties in a research report on Monday, May 18th. They set a "buy" rating and a $20.00 price objective for the company. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, National Healthcare Properties has an average rating of "Hold" and a consensus price target of $18.22.

National Healthcare Properties Price Performance

Shares of NASDAQ NHP opened at $15.74 on Friday. The firm has a 50 day simple moving average of $16.01. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.45. National Healthcare Properties, Inc. has a 1 year low of $11.25 and a 1 year high of $17.46. The company has a market cap of $1.15 billion and a price-to-earnings ratio of -121.08.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $87.53 million during the quarter. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. During the same period in the prior year, the business posted ($0.85) EPS. As a group, research analysts anticipate that National Healthcare Properties, Inc. will post 0.7 earnings per share for the current fiscal year.

National Healthcare Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 15th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.9%. National Healthcare Properties's payout ratio is currently -230.77%.

National Healthcare Properties Company Profile

National Healthcare Properties Inc is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing. National Healthcare Properties Inc is based in NEW YORK.

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