National Healthcare Properties (NASDAQ:NHP) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• NHP trading volume rose 6% to approximately 802,542 shares, while the stock gained 2.4% to $14.85.
• Analyst sentiment is mixed but generally positive: seven analysts rate the stock a Buy, five Hold, and one Sell, with a consensus price target of $18.30 versus the current price.
• The company reported a quarterly loss of $0.13 per share and negative profitability metrics, while paying a $0.075 quarterly dividend—a 2.0% yield. Several major institutional investors, including Alyeska Investment Group and State Street, recently initiated positions.

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP - Get Free Report) saw an uptick in trading volume on Tuesday. Approximately 802,542 shares changed hands during trading, an increase of 6% from the previous session's volume of 759,086 shares. The stock last traded at $14.85 and had previously closed at $14.81.

Analyst Ratings Changes

NHP has been the topic of several research reports. Robert W. Baird upped their price objective on National Healthcare Properties from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Huntington initiated coverage on National Healthcare Properties in a research report on Friday, July 17th. They issued an "outperform" rating and a $18.00 price objective on the stock. Raymond James Financial initiated coverage on National Healthcare Properties in a research note on Tuesday, October 13th. They issued an "outperform" rating and a $20.00 target price for the company. Royal Bank Of Canada boosted their target price on National Healthcare Properties from $15.00 to $17.00 and gave the stock a "sector perform" rating in a research report on Monday, August 17th. Finally, Citigroup restated an "outperform" rating on shares of National Healthcare Properties in a research report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.30.

National Healthcare Properties Stock Up 2.4%

The company's fifty day moving average is $16.06. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.11 billion and a P/E ratio of -116.69.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last announced 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 net margin of 13.04% and a negative return on equity of 6.22%. The company had revenue of $87.53 million during the quarter. During the same period last year, the firm earned ($0.85) EPS. Analysts anticipate that National Healthcare Properties, Inc. will post 0.73 EPS for the current year.

National Healthcare Properties Announces Dividend

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. This represents a $0.30 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, October 9th. National Healthcare Properties's payout ratio is currently -230.77%.

Hedge Funds Weigh In On National Healthcare Properties

A number of large investors have recently made changes to their positions in NHP. Alyeska Investment Group L.P. acquired a new position in National Healthcare Properties during the second quarter valued at approximately $37,278,000. State Street Corp acquired a new stake in shares of National Healthcare Properties in the 2nd quarter valued at $8,975,000. Irenic Capital Management LP acquired a new stake in shares of National Healthcare Properties in the 2nd quarter valued at $8,052,000. Citadel Advisors LLC bought a new position in shares of National Healthcare Properties in the 2nd quarter valued at $7,325,000. Finally, Squarepoint Ops LLC bought a new position in shares of National Healthcare Properties in the 2nd quarter valued at $5,233,000.

About National Healthcare Properties

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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