National Healthcare Properties, Inc. (NASDAQ:NHPAP) Sees Large Drop in Short Interest

National Healthcare Properties, Inc. (NASDAQ:NHPAP) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 2,472 shares, a drop of 54.3% from the May 14th total of 5,412 shares. Based on an average trading volume of 32,253 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On National Healthcare Properties

A hedge fund recently raised its stake in National Healthcare Properties stock. NBC Securities Inc. increased its position in shares of National Healthcare Properties, Inc. (NASDAQ:NHPAP) by 96.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,625 shares of the company’s stock after buying an additional 4,243 shares during the quarter. NBC Securities Inc.’s holdings in National Healthcare Properties were worth $165,000 at the end of the most recent quarter.

National Healthcare Properties Price Performance

NASDAQ NHPAP traded down $0.04 during trading on Monday, hitting $22.44. 7,248 shares of the company traded hands, compared to its average volume of 11,004. National Healthcare Properties has a 12 month low of $14.00 and a 12 month high of $22.61. The business has a fifty day simple moving average of $21.50 and a 200 day simple moving average of $19.99.

National Healthcare Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th were given a $0.4609 dividend. This represents a $1.84 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend was Monday, April 6th.

About National Healthcare Properties

NHP is a $2.6 billion healthcare REIT with a high-quality portfolio focused on two segments, Medical Office Buildings and Senior Housing Operating Properties.