National Healthcare Properties, Inc. $NHP Stock: Sumitomo Mitsui Trust Group Inc. Lowers Stake

Key Points

• Sumitomo Mitsui Trust Group reduced its reported NHP stake by 5.9%, selling 103,054 shares and retaining 1,636,170 shares, valued at about $26.2 million in the filing.
• Several institutions, including Alyeska Investment Group and State Street, reportedly opened new positions in the second quarter. NHP reported quarterly EPS of $0.19, slightly above the $0.18 consensus estimate.
• The article contains a major inconsistency: it reports current NHP stock and analyst data but also says the company was acquired by Ventas in 2015 and is no longer independently publicly traded.

Sumitomo Mitsui Trust Group Inc. decreased its position in National Healthcare Properties, Inc. (NASDAQ:NHP - Free Report) by 5.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,636,170 shares of the company's stock after selling 103,054 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 2.24% of National Healthcare Properties worth $26,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Alyeska Investment Group L.P. purchased a new position in shares of National Healthcare Properties in the second quarter worth $37,278,000. State Street Corp purchased a new stake in National Healthcare Properties during the 2nd quarter valued at $8,975,000. Irenic Capital Management LP purchased a new stake in National Healthcare Properties during the 2nd quarter valued at $8,052,000. Citadel Advisors LLC bought a new stake in National Healthcare Properties in the 2nd quarter worth $7,325,000. Finally, Squarepoint Ops LLC bought a new stake in National Healthcare Properties in the 2nd quarter worth $5,233,000.

National Healthcare Properties Price Performance

NHP opened at $15.21 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The company's 50 day simple moving average is $15.71. National Healthcare Properties, Inc. has a 52-week low of $11.25 and a 52-week high of $17.46.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The company had revenue of $103.06 million during the quarter. National Healthcare Properties had a negative return on equity of 1.62% and a negative net margin of 3.35%. As a group, sell-side analysts predict that National Healthcare Properties, Inc. will post 0.75 earnings per share for the current fiscal year.

National Healthcare Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 12th were issued a $0.0750 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.30 annualized dividend and a yield of 2.0%. National Healthcare Properties's dividend payout ratio is -230.77%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NHP. Raymond James Financial started coverage on shares of National Healthcare Properties in a research report on Tuesday, October 13th. They issued an "outperform" rating and a $20.00 price objective on the stock. Wall Street Zen upgraded shares of National Healthcare Properties from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Robert W. Baird increased their target price on shares of National Healthcare Properties from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Weiss Ratings reissued a "sell (d)" rating on shares of National Healthcare Properties in a research note on Friday, October 16th. Finally, Royal Bank Of Canada boosted their price target on National Healthcare Properties from $15.00 to $17.00 and gave the company a "sector perform" rating in a report on Monday, August 17th. Seven equities 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, National Healthcare Properties currently has an average rating of "Hold" and an average price target of $18.30.

About National Healthcare Properties

National Health Properties, Inc was a real estate investment trust that owned and leased healthcare-related properties in the United States. Its portfolio included healthcare facilities such as skilled nursing centers, assisted living communities, medical office buildings and other properties used by healthcare providers.

The company generally generated rental income through long-term leases with healthcare operators. Its business model focused on acquiring and managing income-producing healthcare real estate rather than directly providing medical or senior-care services.

National Health Properties was acquired by Ventas, Inc in 2015 and no longer operates as an independent publicly traded company.

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