Squarepoint Ops LLC Invests $5.23 Million in National Healthcare Properties, Inc. $NHP

Squarepoint Ops LLC acquired a new position in National Healthcare Properties, Inc. (NASDAQ:NHP) during the second quarter, HoldingsChannel.com reports. The fund acquired 357,194 shares of the company’s stock, valued at approximately $5,233,000.

Several other institutional investors have also added to or reduced their stakes in the stock. California State Teachers Retirement System acquired a new stake in National Healthcare Properties during the 2nd quarter valued at approximately $135,000. Readystate Asset Management LP bought a new position in National Healthcare Properties during the 2nd quarter worth approximately $747,000. Citadel Advisors LLC acquired a new position in shares of National Healthcare Properties in the 2nd quarter worth approximately $7,325,000. Irenic Capital Management LP acquired a new position in shares of National Healthcare Properties in the 2nd quarter worth approximately $8,052,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of National Healthcare Properties in the 2nd quarter valued at $37,278,000.

National Healthcare Properties Stock Performance

Shares of NHP opened at $15.74 on Friday. The firm has a market capitalization of $1.15 billion and a price-to-earnings ratio of -121.08. National Healthcare Properties, Inc. has a 52-week low of $11.25 and a 52-week high of $17.46. The firm has a 50 day simple moving average of $16.01. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79.

National Healthcare Properties (NASDAQ:NHP) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company had revenue of $87.53 million for the quarter. National Healthcare Properties had a negative return on equity of 6.22% and a negative net margin of 13.04%.During the same period last year, the business posted ($0.85) earnings per share. Research analysts predict that National Healthcare Properties, Inc. will post 0.7 EPS for the current fiscal year.

National Healthcare Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Wednesday, July 15th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, July 15th. National Healthcare Properties’s dividend payout ratio (DPR) is presently -230.77%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. National Bank Financial set a $18.00 price objective on shares of National Healthcare Properties in a research report on Thursday, May 28th. Weiss Ratings assumed coverage on shares of National Healthcare Properties in a report on Monday, July 20th. They issued a “sell (d)” rating on the stock. Citigroup reaffirmed an “outperform” rating on shares of National Healthcare Properties in a research report on Monday, August 10th. Wells Fargo & Company increased their price target on National Healthcare Properties from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Finally, Huntington initiated coverage on National Healthcare Properties in a research report on Friday, July 17th. They issued an “outperform” rating and a $18.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.22.

About National Healthcare Properties

National Healthcare Properties Inc is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing. National Healthcare Properties Inc is based in NEW YORK.