National Healthcare Properties (NASDAQ:NHP) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

National Healthcare Properties, Inc. (NASDAQ:NHP)’s stock price passed 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 changing hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NHP shares. Robert W. Baird upped their price objective on National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Royal Bank Of Canada boosted their target price 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. Raymond James Financial initiated coverage on National Healthcare Properties in a research note on Tuesday, October 13th. They set an “outperform” rating and a $20.00 price target on the stock. Citigroup reiterated an “outperform” rating on shares of National Healthcare Properties in a report on Monday, August 10th. Finally, Citizens Jmp lifted their price objective on National Healthcare Properties from $18.00 to $21.00 and gave the stock a “market outperform” rating in a research report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.30.

National Healthcare Properties Trading Up 2.0%

The stock has a fifty day simple moving average of $15.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $1.15 billion and a PE ratio of -121.54.

National Healthcare Properties (NASDAQ:NHP) last issued its earnings results on Wednesday, November 4th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $103.06 million during the quarter. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. As a group, research analysts anticipate that National Healthcare Properties, Inc. will post 0.75 earnings per share for the current year.

National Healthcare Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 12th were issued a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, October 9th. National Healthcare Properties’s dividend payout ratio is currently -230.77%.

Hedge Funds Weigh In On National Healthcare Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC acquired a new position in shares of National Healthcare Properties during the 3rd quarter worth about $90,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in National Healthcare Properties during the 3rd quarter worth approximately $175,000. Envestnet Asset Management Inc. bought a new position in National Healthcare Properties during the 2nd quarter worth approximately $366,000. The Manufacturers Life Insurance Company acquired a new position in National Healthcare Properties during the second quarter valued at approximately $518,000. Finally, Readystate Asset Management LP acquired a new position in National Healthcare Properties during the second quarter valued at approximately $747,000.

About National Healthcare Properties

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.