National Healthcare Properties (NASDAQ:NHP) Shares Break Below 200 Day Moving Average – Should You Sell?

National Healthcare Properties, Inc. (NASDAQ:NHP)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.22 and traded as low as $15.13. National Healthcare Properties shares last traded at $15.17, with a volume of 940,170 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of National Healthcare Properties from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Robert W. Baird increased their price objective on National Healthcare Properties from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Huntington began coverage on National Healthcare Properties in a research note on Wednesday, November 4th. They issued a “strong-buy” rating for the company. Raymond James Financial initiated coverage on National Healthcare Properties in a report on Tuesday, October 13th. They issued an “outperform” rating and a $20.00 target price on the stock. Finally, Weiss Ratings raised National Healthcare Properties from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.30.

National Healthcare Properties Stock Performance

The company’s 50 day moving average price is $15.65 and its 200-day moving average price is $15.22. The stock has a market cap of $1.11 billion and a P/E ratio of 137.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.25.

National Healthcare Properties (NASDAQ:NHP) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. National Healthcare Properties had a negative net margin of 3.35% and a negative return on equity of 1.53%. The company had revenue of $103.06 million for the quarter. Equities analysts forecast that National Healthcare Properties, Inc. will post 0.77 EPS for the current fiscal year.

National Healthcare Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 12th were paid a $0.0750 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.30 annualized dividend and a yield of 2.0%. National Healthcare Properties’s dividend payout ratio (DPR) is 272.73%.

Hedge Funds Weigh In On National Healthcare Properties

Several hedge funds have recently modified their holdings of NHP. Alyeska Investment Group L.P. purchased a new position in shares of National Healthcare Properties in the 2nd quarter worth approximately $37,278,000. William Blair Investment Management LLC bought a new position in shares of National Healthcare Properties in the third quarter valued at approximately $13,573,000. State Street Corp increased its position in shares of National Healthcare Properties by 8.6% during the third quarter. State Street Corp now owns 665,044 shares of the company’s stock valued at $10,667,000 after acquiring an additional 52,429 shares during the last quarter. Irenic Capital Management LP purchased a new stake in shares of National Healthcare Properties during the second quarter valued at approximately $8,052,000. Finally, Citadel Advisors LLC purchased a new stake in shares of National Healthcare Properties during the second quarter valued at approximately $7,325,000.

About National Healthcare Properties

National Healthcare Properties is a healthcare real estate company focused on owning and managing properties used to provide healthcare and senior-care services. Its business centers on leasing these facilities to healthcare operators. The company’s property focus includes senior housing and other healthcare-related real estate. Through its portfolio, National Healthcare Properties provides facilities that support care providers and the communities they serve.