National Healthcare Properties (NASDAQ:NHP) Releases Earnings Results

National Healthcare Properties (NASDAQ:NHP) posted its earnings results on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, Zacks reports.

National Healthcare Properties Price Performance

Shares of NASDAQ NHP traded up $0.46 during midday trading on Wednesday, reaching $16.03. 527,367 shares of the stock were exchanged, compared to its average volume of 785,645. National Healthcare Properties has a 52-week low of $11.25 and a 52-week high of $16.89. The stock’s 50 day simple moving average is $14.90. The stock has a market capitalization of $1.17 billion and a P/E ratio of 11.52.

National Healthcare Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, July 15th.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NHP shares. Citizens Jmp assumed coverage on shares of National Healthcare Properties in a research note on Thursday, May 28th. They issued a “market outperform” rating and a $18.00 price objective for the company. Royal Bank Of Canada began coverage on shares of National Healthcare Properties in a report on Monday, May 18th. They set a “sector perform” rating and a $15.00 price target for the company. BMO Capital Markets assumed coverage on National Healthcare Properties in a report on Monday, May 18th. They issued a “market perform” rating and a $17.00 price objective on the stock. Weiss Ratings began coverage on shares of National Healthcare Properties in a report on Monday, July 20th. They issued a “sell (d)” rating for the company. Finally, Wells Fargo & Company lifted their target price on National Healthcare Properties from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.33.

National Healthcare Properties, Inc is a real estate company in the Healthcare REITs industry.