National Healthcare Properties (NASDAQ:NHP) Shares Break Below 200 Day Moving Average - Should You Sell?

Key Points

• NHP fell below its 200-day moving average, trading as low as $15.13 and last at $15.17, compared with the average of $15.22.
• Analyst sentiment remains positive overall: the consensus is “Moderate Buy,” with an average price target of $18.30. Recent ratings range from a new “Strong Buy” to several “Hold” calls.
• The company beat quarterly earnings expectations, reporting $0.24 per share versus the $0.18 consensus, and reported $103.06 million in revenue. Its quarterly dividend is $0.075 per share, equivalent to a 2.0% annual yield.

Shares of National Healthcare Properties, Inc. (NASDAQ:NHP - Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.22 and traded as low as $15.13. National Healthcare Properties shares last traded at $15.17, with a volume of 940,170 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings raised National Healthcare Properties from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday. Royal Bank Of Canada raised their target price on National Healthcare Properties from $15.00 to $17.00 and gave the stock a "sector perform" rating in a research note on Monday, August 17th. Huntington started coverage on National Healthcare Properties in a report on Wednesday, November 4th. They issued a "strong-buy" rating for the company. Wells Fargo & Company dropped their price target on National Healthcare Properties from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. Finally, Wall Street Zen cut National Healthcare Properties from a "buy" rating to a "hold" rating in a report on Saturday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $18.30.

National Healthcare Properties Stock Down 3.1%

The stock has a market cap of $1.11 billion and a price-to-earnings ratio of 137.91. The firm's fifty day moving average price is $15.65 and its two-hundred day moving average price is $15.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.25 and a quick ratio of 0.79.

National Healthcare Properties (NASDAQ:NHP - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. National Healthcare Properties had a negative return on equity of 1.53% and a negative net margin of 3.35%. The company had revenue of $103.06 million during the quarter. Sell-side analysts forecast that National Healthcare Properties, Inc. will post 0.77 earnings per share for the current fiscal year.

National Healthcare Properties Announces Dividend

The company also recently declared 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 presently 272.73%.

Institutional Investors Weigh In On National Healthcare Properties

Several hedge funds and other institutional investors have recently modified their holdings of NHP. Irenic Capital Management LP bought a new position in shares of National Healthcare Properties in the 2nd quarter worth $8,052,000. Citadel Advisors LLC acquired a new stake in National Healthcare Properties in the 2nd quarter valued at $7,325,000. State Street Corp bought a new stake in National Healthcare Properties during the 2nd quarter valued at $8,975,000. Squarepoint Ops LLC bought a new stake in National Healthcare Properties during the 2nd quarter valued at $5,233,000. Finally, The Manufacturers Life Insurance Company bought a new stake in National Healthcare Properties during the 2nd quarter valued at $518,000.

National Healthcare Properties Company Profile

National Healthcare Properties is a healthcare real estate company focused on owning and managing properties used to provide healthcare and senior-care services. Its business centers on leasing these facilities to healthcare operators. The company's property focus includes senior housing and other healthcare-related real estate. Through its portfolio, National Healthcare Properties provides facilities that support care providers and the communities they serve.

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