549,593 Shares in National Healthcare Properties, Inc. $NHP Bought by Irenic Capital Management LP

Key Points

• Irenic Capital Management acquired 549,593 shares of National Healthcare Properties, worth approximately $8.05 million and representing a 0.75% stake. Alyeska Investment Group also established a new position valued at about $37.28 million.
• Analyst sentiment is mixed, with six Buy ratings, five Holds, and one Sell; the consensus rating is Hold with an average price target of $18.22.
• National Healthcare Properties reported quarterly revenue of $87.53 million and a loss of $0.13 per share. The REIT recently paid a quarterly dividend of $0.075 per share, equivalent to a 1.9% annualized yield.

Irenic Capital Management LP bought a new stake in shares of National Healthcare Properties, Inc. (NASDAQ:NHP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 549,593 shares of the company's stock, valued at approximately $8,052,000. Irenic Capital Management LP owned 0.75% of National Healthcare Properties at the end of the most recent reporting period.

Separately, Alyeska Investment Group L.P. acquired a new stake in National Healthcare Properties during the 2nd quarter worth about $37,278,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. KeyCorp assumed coverage on National Healthcare Properties in a research note on Monday, May 18th. They set a "sector weight" rating for the company. Zacks Research upgraded National Healthcare Properties to a "hold" rating in a research note on Tuesday, June 9th. Weiss Ratings initiated coverage on National Healthcare Properties in a report on Monday, July 20th. They set a "sell (d)" rating on the stock. Morgan Stanley initiated coverage on National Healthcare Properties in a research report on Monday, May 18th. They set an "equal weight" rating and a $16.00 price target for the company. Finally, Citigroup reissued an "outperform" rating on shares of National Healthcare Properties in a report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, National Healthcare Properties currently has a consensus rating of "Hold" and a consensus target price of $18.22.

National Healthcare Properties Stock Performance

The company has a 50-day moving average of $15.87. The company has a market capitalization of $1.18 billion and a price-to-earnings ratio of -124.62. National Healthcare Properties, Inc. has a twelve month low of $11.25 and a twelve month high of $17.46. 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 (NASDAQ:NHP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%.The business had revenue of $87.53 million for the quarter. During the same period in the prior year, the company posted ($0.85) EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, July 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.9%. National Healthcare Properties's dividend payout ratio is -230.77%.

National Healthcare Properties 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.

Want to see what other hedge funds are holding NHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Healthcare Properties, Inc. (NASDAQ:NHP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source