National Healthcare Properties, Inc.'s (NASDAQ:NHP) Lock-Up Period Will Expire on October 19th

Key Points

• National Healthcare Properties’ lock-up period expires October 19, allowing insiders and major shareholders to sell shares issued in the company’s 38.5 million-share, $462 million public offering.
• Analyst sentiment is mixed but generally favorable: six analysts rate NHP a Buy, five rate it Hold, and one rates it Sell. The average price target is $18.22, above the reported share price of $15.55.
• The company declared a quarterly dividend of $0.075 per share, equivalent to $0.30 annually and a 1.9% yield; its latest quarter included $87.53 million in revenue and a loss of $0.13 per share.

National Healthcare Properties' (NASDAQ:NHP - Get Free Report) lock-up period is set to end on Monday, October 19th. National Healthcare Properties had issued 38,500,000 shares in its public offering on April 22nd. The total size of the offering was $462,000,000 based on an initial share price of $12.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NHP shares. Wells Fargo & Company increased their price objective on shares of National Healthcare Properties from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 1st. Citizens Jmp lifted their target price on National Healthcare Properties from $18.00 to $21.00 and gave the company a "market outperform" rating in a research report on Monday, August 10th. Wall Street Zen raised National Healthcare Properties from a "hold" rating to a "buy" rating in a research report on Saturday. Robert W. Baird upped their target price on National Healthcare Properties from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Finally, Huntington started coverage on National Healthcare Properties in a report on Friday, July 17th. They set an "outperform" rating and a $18.00 target price on the stock. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $18.22.

National Healthcare Properties Price Performance

NHP stock opened at $15.55 on Monday. The firm has a market capitalization of $1.13 billion and a P/E ratio of -119.62. The company has a 50-day moving average of $16.19. National Healthcare Properties has a 52 week low of $11.25 and a 52 week high of $17.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $87.53 million for the quarter. During the same period last year, the company earned ($0.85) earnings per share. On average, analysts anticipate that National Healthcare Properties will post 0.70 EPS for the current fiscal year.

National Healthcare Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 12th will be issued a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 9th. National Healthcare Properties's dividend payout ratio is -230.77%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NHP. Envestnet Asset Management Inc. bought a new stake in National Healthcare Properties during the second quarter worth $366,000. The Manufacturers Life Insurance Company bought a new position in shares of National Healthcare Properties in the 2nd quarter valued at $518,000. Readystate Asset Management LP bought a new position in shares of National Healthcare Properties in the 2nd quarter valued at $747,000. Squarepoint Ops LLC bought a new position in shares of National Healthcare Properties in the 2nd quarter valued at $5,233,000. Finally, Citadel Advisors LLC bought a new position in shares of National Healthcare Properties in the 2nd quarter valued at $7,325,000.

National Healthcare Properties Company Profile

National Healthcare Properties, Inc was a U.S.-based real estate investment trust focused on healthcare-related properties. The company's portfolio consisted primarily of income-producing healthcare facilities, including skilled nursing centers, assisted-living communities, and other properties used by healthcare providers.

Its business model was based on acquiring healthcare real estate and leasing those properties to operators under long-term agreements. Through this approach, National Healthcare Properties sought to generate rental income from facilities serving aging and medically dependent populations.

National Healthcare Properties was historically associated with the U.S.

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