National Healthcare Properties, Inc. (NASDAQ:NHPBP – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,509 shares, a growth of 100.1% from the September 15th total of 754 shares. Based on an average trading volume of 9,227 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in National Healthcare Properties stock. Bank of New York Mellon Corp bought a new stake in National Healthcare Properties, Inc. (NASDAQ:NHPBP – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 551,799 shares of the company’s stock, valued at approximately $8,084,000.
National Healthcare Properties Price Performance
Shares of National Healthcare Properties stock opened at $25.44 on Friday. The company has a fifty day moving average of $25.33 and a 200 day moving average of $22.94. National Healthcare Properties has a fifty-two week low of $17.00 and a fifty-two week high of $25.45.
National Healthcare Properties Company Profile
National Healthcare Properties, Inc was a real estate investment trust focused on owning and leasing healthcare-related properties. Its portfolio historically included skilled nursing facilities, assisted-living communities, medical office buildings and other healthcare facilities operated by third-party healthcare providers.
The company generated rental income through long-term leases with healthcare operators and served the healthcare real estate market in the United States. Its properties were generally leased under arrangements designed to provide relatively predictable cash flow while allowing healthcare providers to operate the facilities.
National Healthcare Properties was acquired by Health Care REIT, Inc in 2007, and its common stock ceased trading following the transaction.
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