National Healthcare Properties (NASDAQ:NHP) Sees Large Volume Increase – Here’s What Happened

National Healthcare Properties, Inc. (NASDAQ:NHP) shares saw an uptick in trading volume on Tuesday. Approximately 802,542 shares traded hands during mid-day 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.

Analysts Set New Price Targets

NHP has been the topic of a number of recent analyst reports. Huntington initiated coverage on National Healthcare Properties in a research report on Friday, July 17th. They issued an “outperform” rating and a $18.00 target price on the stock. Wall Street Zen raised shares of National Healthcare Properties from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Robert W. Baird raised their price target on shares of National Healthcare Properties from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Wells Fargo & Company reduced their price target on shares of National Healthcare Properties from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of National Healthcare Properties in a report on Friday. Seven 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. According to data from MarketBeat.com, National Healthcare Properties presently has a consensus rating of “Hold” and an average price target of $18.30.

National Healthcare Properties Trading Up 2.4%

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.11 billion and a P/E ratio of -116.69. The firm’s 50 day simple moving average is $16.06.

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

National Healthcare Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 12th were issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, October 9th. National Healthcare Properties’s payout ratio is -230.77%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NHP. Alyeska Investment Group L.P. acquired a new stake in National Healthcare Properties during the 2nd quarter worth approximately $37,278,000. State Street Corp bought a new stake in National Healthcare Properties during the 2nd quarter worth approximately $8,975,000. Irenic Capital Management LP acquired a new position in National Healthcare Properties in the 2nd quarter valued at approximately $8,052,000. Citadel Advisors LLC acquired a new position in National Healthcare Properties in the 2nd quarter valued at approximately $7,325,000. Finally, Squarepoint Ops LLC acquired a new position in National Healthcare Properties in the 2nd quarter valued at approximately $5,233,000.

National Healthcare Properties Company Profile

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.