National Healthcare Properties (NASDAQ:NHP) Sets New 1-Year High - Here's What Happened

Key Points

• National Healthcare Properties shares reached a new 52-week high of $18.50, up from the previous close of $16.03, though trading volume was only 274 shares.
• Analyst sentiment is mixed: six analysts rate the stock Buy, five Hold and one Sell. The consensus rating is Hold, with an average price target of $18.22.
• The company reported quarterly revenue of $87.53 million and a loss of $0.13 per share, while paying a $0.075 quarterly dividend, equivalent to a 1.9% annualized yield.

National Healthcare Properties, Inc. (NASDAQ:NHP - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday. The company traded as high as $18.50 and last traded at $18.50, with a volume of 274 shares. The stock had previously closed at $16.03.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Robert W. Baird upped their price target on shares of National Healthcare Properties from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, August 20th. Royal Bank Of Canada raised their price objective on shares of 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. Weiss Ratings began coverage on shares of National Healthcare Properties in a research report on Monday, July 20th. They set a "sell (d)" rating on the stock. Zacks Research upgraded shares of National Healthcare Properties to a "hold" rating in a research note on Tuesday, June 9th. Finally, Citigroup reaffirmed an "outperform" rating on shares of National Healthcare Properties in a report on Monday, August 10th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.22.

National Healthcare Properties Stock Performance

The business has a 50-day moving average of $16.19. The company has a market capitalization of $1.17 billion and a P/E ratio of -123.46. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) 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 quarter in the prior year, the firm posted ($0.85) earnings per share. Research analysts predict that National Healthcare Properties, Inc. will post 0.7 EPS for the current fiscal year.

National Healthcare Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Wednesday, July 15th were given a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, July 15th. National Healthcare Properties's dividend payout ratio (DPR) is -230.77%.

Institutional Trading of National Healthcare Properties

Hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new position in shares of National Healthcare Properties during the second quarter worth about $366,000. The Manufacturers Life Insurance Company acquired a new stake in National Healthcare Properties in the second quarter valued at about $518,000. Readystate Asset Management LP acquired a new stake in National Healthcare Properties in the second quarter valued at about $747,000. Squarepoint Ops LLC purchased a new stake in National Healthcare Properties in the 2nd quarter valued at approximately $5,233,000. Finally, Citadel Advisors LLC purchased a new stake in National Healthcare Properties in the 2nd quarter valued at approximately $7,325,000.

National Healthcare Properties Company Profile

National Healthcare Properties, Inc was a healthcare real estate investment trust (REIT) that owned and leased properties used by healthcare providers. Its portfolio included skilled nursing facilities, assisted living communities, medical office buildings and other healthcare-related properties.

The company generally generated revenue through long-term leases with healthcare operators and served markets across the United States. Its business model focused on owning healthcare real estate and providing facilities for senior care, post-acute care and medical services.

National Healthcare Properties was formerly publicly traded under the ticker NHP on the New York Stock Exchange.

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