National Healthcare Properties (NASDAQ:NHP) Sees Large Volume Increase – Should You Buy?

National Healthcare Properties, Inc. (NASDAQ:NHP) shares saw an uptick in trading volume on Tuesday. 802,542 shares changed hands during trading, an increase of 6% from the previous session’s volume of 759,086 shares. The stock last traded at $14.85 and had previously closed at $14.81.

Analyst Upgrades and Downgrades

NHP has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on National Healthcare Properties from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday. Royal Bank Of Canada upped their price target on shares of National Healthcare Properties from $15.00 to $17.00 and gave the company a “sector perform” rating in a report on Monday, August 17th. Weiss Ratings restated a “sell (d)” rating on shares of National Healthcare Properties in a research note on Friday, October 16th. Citizens Jmp lifted their target price 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. Finally, Huntington assumed coverage on National Healthcare Properties in a research report on Friday, July 17th. They set an “outperform” rating and a $18.00 price target on the stock. Seven investment 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.30.

National Healthcare Properties Stock Down 2.1%

The business’s 50 day simple moving average is $16.01. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45.

National Healthcare Properties (NASDAQ:NHP) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $87.53 million for the quarter. National Healthcare Properties had a negative net margin of 13.04% and a negative return on equity of 6.22%. During the same quarter in the previous year, the business posted ($0.85) earnings per share. On average, equities research analysts anticipate that National Healthcare Properties, Inc. will post 0.73 EPS for the current fiscal year.

National Healthcare Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 12th were given a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, October 9th. National Healthcare Properties’s dividend payout ratio is currently -230.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NHP. Copeland Capital Management LLC acquired a new stake in shares of National Healthcare Properties in the third quarter valued at $90,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of National Healthcare Properties during the 3rd quarter worth $175,000. Envestnet Asset Management Inc. acquired a new stake in shares of National Healthcare Properties during the second quarter worth $366,000. The Manufacturers Life Insurance Company acquired a new position in shares of National Healthcare Properties in the 2nd quarter valued at $518,000. Finally, Readystate Asset Management LP purchased a new position in National Healthcare Properties in the 2nd quarter worth about $747,000.

National Healthcare Properties Company Profile

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.