National Healthcare Properties (NASDAQ:NHP) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• NHP shares rose above their 50-day moving average of $15.74, reaching $16.20 before last trading at $15.80.
• Analysts’ average rating was “Hold,” with an average price target of $18.30; ratings included seven Buys, five Holds, and one Sell.
• The article contains a major inconsistency: it says National Health Properties was acquired by Ventas in 2015 and is no longer independently traded, despite reporting current share trading and analyst activity.

National Healthcare Properties, Inc. (NASDAQ:NHP - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $15.74 and traded as high as $16.20. National Healthcare Properties shares last traded at $15.80, with a volume of 1,288,705 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NHP. Huntington began coverage on National Healthcare Properties in a report on Friday, July 17th. They issued an "outperform" rating and a $18.00 price target for the company. Royal Bank Of Canada increased their price target 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. Robert W. Baird lifted their price objective 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. Wells Fargo & Company decreased their price target on National Healthcare Properties from $19.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. Finally, Citizens Jmp boosted their target price on National Healthcare Properties from $18.00 to $21.00 and gave the stock a "market outperform" rating in a report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $18.30.

National Healthcare Properties Price Performance

The firm's fifty day simple moving average is $15.74. The firm has a market cap of $1.15 billion and a P/E ratio of -121.54. The company has a current ratio of 0.79, a quick 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, November 4th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $103.06 million for the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%. On average, equities analysts anticipate that National Healthcare Properties, Inc. will post 0.75 earnings per share for the current year.

National Healthcare Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 12th were issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, October 9th. National Healthcare Properties's dividend payout ratio (DPR) is -230.77%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Alyeska Investment Group L.P. bought a new stake in National Healthcare Properties in the second quarter valued at about $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 acquired a new stake in shares of National Healthcare Properties in the 2nd quarter valued at $7,325,000. Finally, Squarepoint Ops LLC bought a new stake in shares of National Healthcare Properties in the 2nd quarter worth about $5,233,000.

National Healthcare Properties Company Profile

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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