National Healthcare Properties, Inc.’s Lock-Up Period Set To Expire on October 19th (NASDAQ:NHP)

National Healthcare Properties’ (NASDAQ:NHP) lock-up period is set to end on Monday, October 19th. National Healthcare Properties had issued 38,500,000 shares in its initial public offering on April 22nd. The total size of the offering was $462,000,000 based on an initial share price of $12.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NHP. Weiss Ratings began coverage on National Healthcare Properties in a report on Monday, July 20th. They set a “sell (d)” rating for the company. Citigroup reissued an “outperform” rating on shares of National Healthcare Properties in a research note on Monday, August 10th. Wall Street Zen upgraded shares of National Healthcare Properties from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada raised their price objective on shares of National Healthcare Properties from $15.00 to $17.00 and gave the company a “sector perform” rating in a research note on Monday, August 17th. Finally, Robert W. Baird raised their price target on National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.40.

National Healthcare Properties Trading Down 0.3%

NHP opened at $15.51 on Wednesday. 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 stock’s 50-day moving average is $16.19. National Healthcare Properties has a 52-week low of $11.25 and a 52-week high of $17.46.

National Healthcare Properties (NASDAQ:NHP) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share 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 quarter last year, the business earned ($0.85) earnings per share. As a group, research analysts predict that National Healthcare Properties will post 0.70 earnings per share for the current year.

National Healthcare Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Monday, October 12th will be issued a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 9th. National Healthcare Properties’s payout ratio is presently -230.77%.

Institutional Trading of National Healthcare Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Copeland Capital Management LLC bought a new position in shares of National Healthcare Properties in the 3rd quarter valued at about $90,000. Envestnet Asset Management Inc. bought a new stake in shares of National Healthcare Properties in the 2nd quarter valued at about $366,000. The Manufacturers Life Insurance Company bought a new stake in shares of National Healthcare Properties in the 2nd quarter valued at about $518,000. Readystate Asset Management LP bought a new stake in shares of National Healthcare Properties in the 2nd quarter valued at about $747,000. Finally, Squarepoint Ops LLC acquired a new stake in National Healthcare Properties in the 2nd quarter valued at about $5,233,000.

About National Healthcare Properties

National Healthcare Properties, Inc was a U.S.-based real estate investment trust focused on healthcare-related properties. The company’s portfolio consisted primarily of income-producing healthcare facilities, including skilled nursing centers, assisted-living communities, and other properties used by healthcare providers.

Its business model was based on acquiring healthcare real estate and leasing those properties to operators under long-term agreements. Through this approach, National Healthcare Properties sought to generate rental income from facilities serving aging and medically dependent populations.

National Healthcare Properties was historically associated with the U.S.